Refer to the table. In a choice between public safety and parks:
A. the outcome would depend on which item was listed first on the ballot.
B. a majority of voters would favor public safety.
C. no voter decision is possible.
D. a majority of voters would favor parks.
D. a majority of voters would favor parks.
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If population growth occurs while jobs are difficult to obtain or labor force participation does not increase
A) there may be little or no increase in a nation's labor resources. B) per capita GDP is likely to increase sharply. C) economic growth will be robust because any population gain is a plus. D) a nation's labor resources will still continue to increase in both quality and quantity.
Which of the following will cause a change in the exchange rate?
A) changes in real interest rates B) changes in consumer preferences C) changes in the perception of economic stability D) all of the above
If there is an expectation that the price of a good will increase in the next month, this would immediately
A. move its demand curve to the right. B. cause a movement along the demand curve to a (higher price, lower quantity) point. C. move its demand curve to the left. D. cause a movement along the demand curve to a (lower price, higher quantity) point.
Efforts to fine-tune the economy have been used for several decades, and since then
A. Employment goals have been met, but price stability has not been attained. B. We still experience periods of recession, high unemployment, and inflation. C. We have successfully achieved our major economic goals at all times. D. Price stability goals have been met, but full employment has not been attained.