Recessions begin at ________ and end at ________.
A. a peak; a trough
B. the highest unemployment rate; the lowest unemployment rate
C. a trough; a peak
D. the lowest unemployment rate; the highest unemployment rate
Answer: A
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? In Figure 5-13, the consumer can afford any combination of X and Y represented by a point
A. on line AB only. B. on or below line AB. C. on or above line AB. D. anywhere on the graph.
The fishing and whaling occupations in the early colonies:
a. never amounted to a significant economic force. b. were a major influence in the early colonial economy. c. started only in the eighteenth century. d. were mixed in their economic impact, with fishing being the least important and whaling being most important.
If imports = 500 billion euros, exports = 700 billion euros, purchases of domestic assets by foreign residents = 600 billion euros, and purchases of foreign assets by domestic residents = 800 billion euros, what is the quantity of euros demanded in the market for foreign-currency exchange?
a. 1,100 billion euros b. 600 billion euros c. 500 billion euros d. 200 billion euros
Trade adjustment assistance:
A. provides financial assistance to all unemployed workers in the United States. B. guarantees jobs for all workers displaced by imports or plant relocations abroad. C. provides assistance to about 20 percent of unemployed U.S. workers each year. D. provides cash assistance for workers displaced by imports or plant relocations abroad.