________: the absence of direct or indirect government intervention to alter market prices and quantities

One reason financial systems in developing and transition countries are underdeveloped is

A) they have weak links to their governments. B) they make loans only to nonprofit entities. C) the legal system may be poor making it difficult to enforce restrictive covenants. D) the accounting standards are too stringent for the banks to meet.

Because it takes time for workers to search for a job and for firms to search for new employees, there will always be some workers who are

A) frictionally unemployed. B) structurally unemployed. C) cyclically unemployed. D) seasonally unemployed.