Equality refers to how the pie is divided, and efficiency refers to the size of the economic pie
a. True
b. False
Indicate whether the statement is true or false
True
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Which specific government agency monitors unemployment?
A) Bureau of Labor Statistics B) Executive Branch C) State Department D) Commerce Department
If the demand and supply curves for a commodity both shift to the left by the same amount, then in comparison to the initial equilibrium, the new equilibrium will be characterized by:
A) a higher price quantity. B) the same price and a higher quantity. C) the same price and a lower quantity. D) a lower price and a higher quantity.
At the beginning of the financial crisis, banks were hurt by all of the following EXCEPT
A) declines in the value of mortgage-backed securities. B) defaults on mortgages by those with subprime mortgages. C) holding too many Treasury bonds. D) not being repaid on loans to real estate developers.
Only about ____ of families eat together daily, meaning one meal or more a day
a. 10% b. 25% c. 43% d. 76%