Which of the following is a primary use for national income accounts?
A. To analyze the environmental cost of economic growth
B. To assess the economic efficiency of specific industries in the economy
C. To measure changes in the value of production and income in the economy
D. To determine whether there is a fair and equitable distribution of income in the economy
C. To measure changes in the value of production and income in the economy
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Health insurance markets have a problem with insuring people who are "poor health risks" while many people who are "good health risks" do not buy insurance. This problem is an example of
A) market signaling. B) moral hazard. C) adverse selection. D) asymmetric information.
The U.S. Bureau of Labor Statistics defines the unemployment rate as
a. The percentage of the population who are not working b. The percentage of people who are looking for their first job c. The percentage of workers who lose their jobs d. The percentage of the labor force not employed but actively seeking work in the past 4 weeks