Which statement is the most accurate?
A. In the U.S., there is no such thing as non-competing groups.
B. The jobs described in Beth Schulman's The Betrayal of Work are in the primary labor market.
C. When you work for Wal-Mart as an associate, you are in the primary labor market.
D. In Nickel and Dimed, Barbara Ehrenreich described her experiences in the secondary labor market.
D. In Nickel and Dimed, Barbara Ehrenreich described her experiences in the secondary labor market.
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If a firm did not have any fixed costs at all, then the ATC curve would be
a. the same as the AVC curve. b. horizontal. c. positive and linear. d. none of these.
Which of the following statements about aggregate accounting is false?
A. It provides a way of measuring how much a nation is producing and consuming. B. It provides a way of measuring total, or aggregate, production. C. It is the best way to measure social welfare for an economy. D. It did not exist before the 1930s because economists focused on microeconomics before the 1930s.
If GNP is $650 billion and depreciation is $70 billion, then net national product is
A. $560 billion. B. $580 billion. C. $610 billion. D. $720 billion.
Your authors argue that unsustainable booms, followed by recessionary busts, are primarily caused by the Fed's expansionary monetary policies. Which of the following serves as an exception to their claim?
A) The Great Depression of the 1930s B) The Great Recession of the late 2000s C) The authors admit that both of the above are exceptions. D) The authors argue that neither of the above are exceptions, but rather strong examples.