In a society with market failure, there
a. is no pollution
b. are no public goods
c. is an inefficient allocation of resources
d. are no markets
e. is no need for a government
C
Economics
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If the expected real interest rate in an economy is 6% and the expected inflation rate is 4%, then the nominal interest rate in the economy is:
A) 6%. B) 14%. C) 4%. D) 10%.
Economics
The U.S. employment-to-population ratio peaked in 2000 and in 2014 fell to 59 percent, a level not seen since the early 1980s. This fall in the employment-to-population ratio shifts the ________ curve ________
A) labor supply; leftward B) labor supply; rightward C) labor demand; leftward D) labor demand; rightward
Economics