Which of the following people would be counted as employed?
a. A retired naval officer
b. A high school student
c. A stay-at-home father
d. A teenager who has given up looking for work after a year of trying
e. A ski instructor who is working during the summer
e
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If the U.S. dollar depreciates, it becomes cheaper for U.S. residents to travel in foreign countries
a. True b. False
In comparison to perfect competition, monopoly price-quantity combinations generate
A. a producer surplus that is smaller. B. a reduction in deadweight loss. C. a consumer surplus that is larger. D. total revenue to the producer that is larger.
Table 9.1Disposable IncomeTotal Consumption(Billions of dollars per year)(Billions of dollars per year)$0$50200210Which of the following represents the consumption function consistent with the data in Table 9.1?
A. C = $160 billion + 0.91YD. B. C = $50 billion + 0.80YD. C. C = $50 billion + 0.76YD. D. C = $160 billion + 0.80YD.
The development of a new energy source that could be used to produce or transport any good would be a source of
A. concentrated growth. B. generalized growth. C. import competing growth. D. specialized growth.