Due to the subjective nature of the questions that would be needed to determine if someone is underemployed or a discouraged worker, adjusting the unemployment rate to accurately reflect these situations
A) is very easy to do.
B) is somewhat difficult.
C) is impossible.
D) Since so few people are actually underemployed or discouraged workers, adjusting the unemployment rate to reflect these situations is considered an unnecessary waste of time.
C
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The problem of moral hazard exists when:
A. a bank is solvent but many of its assets are illiquid. B. agencies like the Fed act based on politics rather than sound economics. C. the failure of one financial institution can lead to the failure of other institutions. D. people or institutions, who are insured, tend to take on too much risk.
Public goods are: a. any goods or services several members of the public would like produced b. those goods for which natural monopolies exist
c. goods which cannot be successfully produced by private firms. d. goods which cannot be easily financed through the market system.