In the period 1960–95, the cycles of upturns and downturns in the economy (booms and recessions)
(a) were eliminated as knowledge of how the economy operated grew.
(b) continued to occur, although not nearly as severely as prior to World War II.
(c) grew even worse than prior to World War II.
(d) were equally as bad as the period prior to World War II.
(b)
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Anne works as a babysitter. She uses her wage as a babysitter to buy a pair of roller skates. In this case, money served the function of ________
A) a medium of exchange B) a unit of account C) a store of value D) a means of deferred payment
The _________ of whites in poverty in the U.S. is greater than that of blacks and Hispanics.
A. percentage B. total number C. fraction D. none of these answer options are correct.
Which of the following government programs will create a surplus?
A. rent control B. the minimum wage law C. usury laws D. price controls on oil
A firm's isocost line shifts parallel outward from the original isocost line as its
A. total cost for capital and labor decreases. B. total cost for capital and labor increases. C. total cost for capital increases and its total cost for labor decreases. D. total cost for capital decreases and its total cost for labor increases.