Which of the following Nobel laureates became known for the study of asymmetric information?
A) Michael Spence B) Ronald Coase C) George Ackerlof D) Gary Becker
C
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Ricardo's theory made a number of assumptions, including which of the following?
a. Nations had balanced trade with their partners. b. There were no barriers to trade (free trade). c. There was no transfer of gold or silver. d. Nations had balanced trade with their partners, and there were no barriers to trade (free trade).
The official unemployment rate is:
a. the number of unemployed people divided by the number of employed people. b. the number of unemployed people divided by the total size of the population. c. the number of unemployed people divided by the size of the non-institutionalized population. d. the number of unemployed people divided by the size of the labor force. e. the number of unemployed people divided by the number of people aged 16 or under.