Q1 What is "capital"? The salary we pay employees The money we pay to the government Money invested in a building or machine to help us make products Money we make when customers pay us None of the above

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
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Chapter21: Unemployment
Section: Chapter Questions
Problem 11RQ: If you an? out of school but working part time, are you considered employed or unemployed in U.S....
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Q1 What is "capital"?
The salary we pay employees
Please give just answer. There is no
need to explain.
The money we pay to the government
O Money invested in a building or machine to help us make products
Money we make when customers pay us
O None of the above
Q2lf a country experiences high GDP and inflation, followed by a lower GDP
and deflation, this is an example of
O Unemployment
Recession
the Business Cycle
O Supply and Demand
None of the above
Q3 What causes inflation?
O People don't have enough money
O People have too much money
O People have too much money and many businesses want some of that money
O People owe a lot of money
O The government causes inflation by rais ing interest rates
Q4 The Water and Diamond Paradox explains:
O Why supply and demand always meets in the middle of a graph
Marginal utility of diamonds
O Why water is inexpensive while diamonds are so expensive
O Why water is so expensive while diamonds are inexpensive
O None of the above
Q5 The unemployment rate is:
The number of people who don't want to work
The number of people who are working but don't want to work
O The number of people who don't want to work and are not working
O The number of people who want to work but are not employed.
O None of the above
OO O O O
O O O O O
O O O C O
O O O O
Transcribed Image Text:Q1 What is "capital"? The salary we pay employees Please give just answer. There is no need to explain. The money we pay to the government O Money invested in a building or machine to help us make products Money we make when customers pay us O None of the above Q2lf a country experiences high GDP and inflation, followed by a lower GDP and deflation, this is an example of O Unemployment Recession the Business Cycle O Supply and Demand None of the above Q3 What causes inflation? O People don't have enough money O People have too much money O People have too much money and many businesses want some of that money O People owe a lot of money O The government causes inflation by rais ing interest rates Q4 The Water and Diamond Paradox explains: O Why supply and demand always meets in the middle of a graph Marginal utility of diamonds O Why water is inexpensive while diamonds are so expensive O Why water is so expensive while diamonds are inexpensive O None of the above Q5 The unemployment rate is: The number of people who don't want to work The number of people who are working but don't want to work O The number of people who don't want to work and are not working O The number of people who want to work but are not employed. O None of the above OO O O O O O O O O O O O C O O O O O
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