If this is an open economy, quantity of cars demanded domestically will be ________.
A. 60,000
B. 40,000
C. 20,000
D. 80,000
Answer: A
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If the population is 300 million, with 70 million under the age of 16 and institutionalized, another 70 million not in the labor force, 10 million unemployed, and 150 million employed, the employment-to-population rate is
A) 53.3 percent. B) 65.2 percent. C) 46.7 percent. D) 87.5 percent.
Assume that French budget deficits have raised the French prime interest rate relative to the U.S. T-bill rate. As a result, we would expect the U.S. dollar to depreciate and the U.S. net exports to rise
a. True b. False Indicate whether the statement is true or false
Average total cost is
a. the change in cost as output decreases b. the change in cost as output increases c. TC / quantity of output d. MC - TC e. AVC - AFC
Evidence concerning hyperinflation indicates a clear link between the money supply and the price level for
a. Austria in the 1920's. b. Hungary in the 1920's. c. Poland in the 1920's. d. All of the above are correct.