If the price of airline travel in Europe falls and the demand for train travel in Europe also falls, then the two goods are
A) complements.
B) normal goods.
C) substitutes.
D) inferior goods.
C
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In the table above, the size of the labor force is
A) 80 million. B) 46 million. C) 42 million. D) 40 million. E) 34 million.
Market systems are often referred to as "automatic" or "self-regulating" because they function
A) effectively even when no participant in the system plans ahead. B) effectively in the absence of any laws. C) effectively even when the society is breaking down. D) without an overall, comprehensive plan. E) without the intervention of human beings.
A currency drain occurs because people want to hold some of their money as currency rather than as deposits
Indicate whether the statement is true or false
Holding other factors constant, the increase in African Americans and Hispanics in the labor force in the United States has
A) decreased structural and frictional unemployment. B) increased cyclical unemployment declined. C) decreased cyclical unemployment increased. D) increased the natural rate of unemployment.