According to research, which of the following individuals is more likely to vote regularly?
a. Rachelle, who has a college degree
b. Sandra, who is recently divorced
c. Tyrone, who is unemployed
d. Rocky, who recently relocated
a. Rachelle, who has a college degree
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If the world price is below the domestic "no-trade" equilibrium price, then with international trade:
a. the domestic shortage can be eliminated by rationing. b. the domestic surplus can be consumed at home. c. the domestic surplus can be exported to the rest of the world. d. the domestic quantity demanded is equal to that supplied by the world. e. the domestic shortage can be met by foreign imports.
In the national income accounts, the symbol G represents the
a. government production of goods and services. b. volume of goods and services purchased by the federal government. c. value of goods and services purchased by the federal government. d. value of goods and services purchased by all levels of government.
Describe the role of business inventory change in determining the equilibrium level of GDP and changes in the level of GDP
The aggregate production function relates total national output to:
A. inputs and outputs. B. inputs and technology. C. employment and growth. D. the production possibilities frontier. E. inflation and economic growth.