Suppose that during a given month 500,000 persons quit their job to become self-employed. This might give __________ bias to the __________ indicator
A) an optimistic; unemployment rate
B) a pessimistic; unemployment rate
C) an optimistic; payroll employment
D) a pessimistic; payroll employment
D
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When we compare poor and rich countries in the world
A) There is much greater dispersion in growth rates in per capita income for the poor countries than for the rich countries. B) The investment rate is higher for poor countries than for rich countries. C) There is much greater dispersion in growth rates in per capita income for the rich countries than for the poor countries. D) Population growth rates are higher in rich countries than in poor countries.
If children go to school and become productive members of society
A) a negative externality is created by the schools. B) a positive externality is created by the schools. C) no externality is created by the schools. D) an externality is created that may be positive or negative.
According to the graph shown, the profit being earned by this monopolist is:
This graph shows the cost and revenue curves faced by a monopoly.
A. (P3 P0) ×Q1
B. (P3 P1) × Q1
C. (P1 P0) × Q1
D. (P3 P0)/Q1
The problem with a detailed federal government budget is that: a. monetary policy becomes more difficult to implement
b. it reduces the flexibility of discretionary fiscal policy. c. Congress cannot keep it up to date. d. there is a shortage of congressional committees that deal with the budget. e. there is a short review period, resulting in poor choices in funding programs.