The marginal product of land depends only on the quantity of land available
a. True
b. False
Indicate whether the statement is true or false
False
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Suppose the United States subsidizes domestic chicken production and then sells surpluses on the world market at a price below the cost of production
In foreign countries, the argument that would made to restrict chicken trade with the United States would be the A) penalizes lax environmental standards argument. B) saves jobs argument. C) infant-industry argument. D) dumping argument. E) national security argument.
Who would the BLS count as unemployed?
A) Anybody over 16 who doesn't have a full-time job B) Anybody over 16 who doesn't even work odd jobs C) Anybody under 65 who doesn't have a full time job D) Anybody, regardless of age, who is seeking work E) None of the above.
A positive demand shock causes a ________ the IS curve and a ________ the aggregate demand curve
A) movement up along; shift to the right of B) shift to the right of; movement down along C) movement down along; movement down along D) shift to the right; shift to the right of
The government defines poverty as an income level less than three times the cost of a minimal diet
a. True b. False Indicate whether the statement is true or false