Answer the following questions true (T) or false (F)
1. The unemployment rate is higher with a minimum wage law than it would be without a minimum wage law.
2. Paying efficiency wages are a way for a company to cut costs and become more efficient, and are therefore lower than market wages.
3. The inflation rate measures the average prices of goods and services in the economy.
1. TRUE
2. FALSE
3. FALSE
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A speculator may choose to buy a call option because
A) the possible gain is greater than with a futures contract. B) the potential loss on the call is limited to the premium, while the potential loss is unlimited with a futures contract. C) the possible gain with the option is great than the possible gain from buying the underlying stock itself. D) calls eliminate the risk of loss so a speculator can lose nothing or just make a gain.
To reduce politicization of policy making, many countries have given control of ________ to politically independent central banks
A. fiscal policy B. monetary policy C. unfunded liabilities D. budget deficits