When real rates of interest are positive, it is better to be a:
A. saver than a borrower, because the value of savings and debts are increasing.
B. borrower than a saver, because the value of savings and debts are increasing.
C. saver than a borrower, because the value of savings and debts are decreasing.
D. borrower than a saver, because the value of savings and debts are decreasing.
A. saver than a borrower, because the value of savings and debts are increasing.
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In an economy, 42 million people are in the labor force, 38 million are employed, and 47 million are of working age. How many people are not in the labor force?
A) 19 percent B) 9 million C) 5 million D) 4 million
Labor unions became exempt from antitrust enforcement under the ____ Act.
A. Sherman B. Clayton C. FTC
Which of the following is true if the total variable cost curve is increasing at an increasing rate?
A. Average fixed cost is increasing. B. Marginal cost is decreasing. C. Marginal cost is increasing. D. Average fixed cost is constant.
The legal system provided by the government is necessary for the smooth working of markets because
A) it keeps criminals off of the streets. B) it defines and protects property rights. C) it is set up in the U.S. constitution. D) it ensures that producers maximize their profits.