If goods are produced abroad but consumed domestically,
a. those goods are termed imports
b. international trade has not occurred
c. the domestic economy is economically inefficient
d. there are no gains from specialization
e. those goods are termed exports
A
Economics
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The economy is considered to be at full employment when
a. the actual rate of unemployment is less than the natural rate. b. the leading economic indicators are unchanged for two consecutive quarters. c. structural unemployment is zero. d. frictional plus structural unemployment is less than the natural rate. e. the rate of cyclical unemployment is zero.
Economics
Economic discrimination and prejudice
A. are synonymous. B. must both exist in statistical discrimination. C. often occur together. D. are mutually exclusive.
Economics