Economic growth leading into the 2007-2009 recession was
A. somewhat greater than it had been in the previous 20 years.
B. much slower than it had been in the previous 20 years.
C. much greater than it had been in the previous 20 years.
D. almost precisely the same as it had been in the previous 20 years.
Answer: D
You might also like to view...
An example of a U.S. export is
A) diamonds mined in Africa sold to buyers in South America. B) a TV made in China sold to a buyer in Azerbaijan. C) matchbooks made in Mexico sold to a buyer in New Jersey. D) a washing machine made in Indiana sold to a buyer in France. E) pasta made in Italy sold to buyers in Spain.
The table above shows the total product schedule for The X Firm. Decreasing marginal returns occur with the ________ worker because ________
A) 5th; the marginal product of labor for the 5th worker is less than the marginal product of the 4th worker B) 5th; the average product of labor is also declining C) 4th; output reaches is maximum D) 6th; output starts to decline E) 6th; the marginal product of labor is greater than the average product of labor
The divergent behavior of unemployment in the United States and Europe, especially in the 1990s,
a. has been ascribed to different structural characteristics of money markets in the two regions. b. has been attributed to different structural characteristics of labor markets in the two regions. c. cannot be explained for these two regions. d. has been explained with different demographic factors in the two regions.
The above figure depicts the Edgeworth box for two individuals, Al and Bruce. If the endowment is at point a, and Al has no ability to bargain, the final allocation will be at point
A) a. B) b. C) c. D) d.