Free Markets Coordinate Economic Activity in Such a Way as to Eliminate

question 96

True/False

Free markets coordinate economic activity in such a way as to eliminate the possibility of inflation or unemployment.

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Definitions:

Unemployment Taxes

Taxes imposed on employers at both federal and state levels to fund unemployment insurance benefits for workers who have lost their jobs.

Working Capital

The difference between a company's current assets and current liabilities, indicating the funds available for day-to-day operations.

Note Payable

A written promise to pay a specific sum of money to a creditor at a future date under specified terms.

Operating Leases

A contract that allows for the use of an asset but does not convey ownership rights of the asset to the lessee.