Category: Economics

The Texas Constitution prohibits the Legislature from calling itself into a special session even if a two-thirds majority in each house believes it is necessary.TrueFalse

➤ What is flexicurity and what are its five key features?
Flexicurity is a policy model that combines labor market flexibility with employment security. Its five key features are: (1) flexible hiring and firing rules, (2) active labor market policies like job search support, (3) adequate unemployment benefits, (4) lifelong learning and retraining programs, and (5) strong social dialogue among government, employers, and unions.

Which event prompted the Supreme Court to broaden its interpretation of the interstate commerce clatThe Civil WarThe Great DepressionThe Industrial RevolutionWorld War II
The Civil War
The Great Depression
The Industrial Revolution
World War II

➤ Why isn’t private accounting or the stock market used to measure the whole economy?
Private accounting reports a single firm’s transactions and misses cross-sector activity. The stock market covers listed firms and reflects prices and expectations, not non-market production like government services, household labor, or informal work. National income accounts compile comprehensive, economy-wide data to include all sectors and final output.

Question 5
Decriminalizing prostitution would most likely result in
no change in the spread of sexually transmitted diseases
a decrease
an increased
an explosion

Find the equilibrium price and quantity for each pair of demand and supply functions:
(i) = 2 + 48 and = 3 12
(ii) = 32+ 22 and =52 10
(iii) = 0.5 + 22 and = 0.5 10

Why is it important for a saver to consider diversification prior to investing?
Share a time when you used diversification to reduce risk (in financial or other setting).