Which of the Following Economic Series Is not included in the National

question 113

Multiple Choice

Which of the following economic series is not included in the National Bureau of Economic Research (NBER) lagging indicator group?

• A) Average duration of unemployment
• B) Ratio of manufacturing and trade inventories to sales
• C) Number of employees on nonagricultural payrolls
• D) Percentage change in the labor cost per unit of output in manufacturing
• E) All of the above are included in the NBER lagging indicator group

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Definitions:

Principle of Comity

A legal doctrine that suggests courts within one jurisdiction will give effect to the laws and judicial decisions of another jurisdiction, based on mutual respect rather than obligation.

Agency Relationships

A legal relationship in which one party (the agent) acts on behalf of another party (the principal) in a business transaction.

Act of State Doctrine

A principle in international law that a nation is sovereign within its own borders and its domestic actions may not be questioned in the courts of another nation.

Arbitration Clause

A provision in a contract that requires disputes between the parties to be resolved through arbitration rather than through litigation in court.