Which of the following is a common criticism of capitalism?
A. poor product quality and little product diversity
B. inefficiency of nationalized industries
C. inability to adjust quickly to changing economic conditions
D. inadequate environmental protection
Answer: D
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Which statement about money is most correct?
A) Money is a new invention and only includes dollar bills and coins. B) Money is a new invention and can include anything that is accepted as a means of payment. C) Money has been around for a long time and can include anything that is accepted as a means of payment. D) Money has been around for a long time and only includes dollar bills and coins. E) Money has been around for a long time and only includes checking and savings accounts.
If all workers and all jobs were the same such that all workers were equally well suited for all jobs, then there would be no
a. cyclical unemployment. b. frictional unemployment. c. natural rate of unemployment. d. structural unemployment.