Greatest availability of a service to those who need it least is called
a. market system
b. public provision
c. adverse selection
d. non-exclusion
e. none of the above
C
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Which of the following is an example of a worker experiencing frictional unemployment?
A) A computer programmer loses her job because it is outsourced to India. B) An employee is laid off because the economy is suffering a recession. C) A worker quits his job at the Post Office to find more interesting work. D) A United Airlines pilot loses her job because of lack of demand for air travel.
Which of the following factors are most important for determining the economic growth of a country?
A) The country's level of resources B) The independence of the country's central bank C) The country's rates of saving and investment D) The level of sophistication of a country's financial markets