The sport where free agency first dominated was
A. soccer.
B. baseball.
C. football.
D. hockey.
Answer: B
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The following data are estimates describing Ireland's economy in 2006 and 2007 (in millions of euros, in constant prices):
2006 2007 Consumption 84,000 89,000 Government expenditure 24,000 26,000 Investment 48,000 48,000 Exports 142,000 151,000 Imports 123,000 128,000 Subsidies 1,800 1,900 Taxes 500 500 Which of the following is TRUE regarding Ireland's economy? A) The change in GDP from 2006 to 2007 represented a peak in the business cycle. B) GDP decreased from 2006 to 2007. C) Net exports decreased from 2006 to 2007. D) Consumption was 48 percent of Ireland's GDP in 2007.
If the current market price of good Z is below the equilibrium price of good Z
A) it must be because the government has imposed a price ceiling in the market for good Z. B) there is a shortage of good Z. C) there is a surplus of good Z. D) demand must necessarily decrease to restore equilibrium. E) a and b
Which of the following is a responsibility of Congress?
A. Monetary, fiscal, and supply-side policy. B. Monetary policy. C. Monetary and fiscal policy. D. Fiscal policy and supply-side policy.
In a perfectly competitive market, if P > ATC in the short run, there is apt to be
A. an inward shift in the industry supply curve. B. an accounting loss for existing firms. C. entry of new firms into the market. D. an upward pressure on price.