If 2017 is the base year, what is the price index for a market basket of goods for 2018 in the above table?
A. 97.3
B. 128.0
C. 102.8
D. Zero, since the price of CDs fell and the price of gasoline increased
Answer: C
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When a group is discriminated against, its
A) wages fall but its employment does not. B) employment and its wages decrease. C) employment decreases but its wages do not. D) employment and its wages are unaffected.
The equation GDP = C + I + G + NX best describes the
a. the output approach to measuring GDP b. the factor payments approach to measuring GDP c. the value added approach to measuring GDP d. the expenditures approach to measuring GDP e. the exchanges approach to measuring GDP
Which term refers to a labor union and a firm negotiating over wages or benefits?
a. Collective bargaining b. Mediation c. Arbitration d. Cooperative bargaining
The most important advantages of bigness will be found in industries that show increasing returns to scale
a. True b. False Indicate whether the statement is true or false