Which of the following situations best describes an individual who is cyclically unemployed?
A) Catherine is a ski instructor who is not working because it is summer.
B) Matthew was an artillery man, but he has been unable to find work since he left the army.
C) Nicholas was laid-off when orders for General Motors cars fell during a recession.
D) Susan quit her job as a preschool teacher to try to find a better paying job.
C
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"Anticompetitive practices" are actions by a powerful firm that:
a. threaten to destroy competitors b. force competitors to compete less vigorously c. prevent the entry of new rivals. d. all of these are true.
The reason for the Fed being set up as an independent agency of government is to
A. allow it to earn profits like private firms. B. make it be managed and controlled by member banks. C. protect it from political pressure. D. let it be able to compete with other financial institutions.