Strategies such as public funding of schools, compensatory education, pre-school programs, affirmative action, and campaign-finance reforms focus on the existence of inequality
Indicate whether the statement is true or false
F
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An industry in which its firms' cost structures do not vary with changes in production is referred to as a
A. price-taking industry. B. constant-cost industry. C. price-controlled industry. D. fixed-price industry.
Which of the following can be a source of comparative advantage?
A) Prices of finished goods B) The demand for goods in the global market C) Climatic conditions D) The demand for the goods in the domestic market
Which of the following real-world phenomena does the classical model ignore?
a. Frictional unemployment b. Inflation c. Real output growth d. Cyclical unemployment e. Structural unemployment
All of the following are examples of macroeconomic problems EXCEPT
A) inflationary pressures caused by an increase in the cost of petroleum. B) unemployment caused by a fall off in the level of residential construction. C) a decline in the rate of overall economic growth. D) consumers deciding to buy more fish and less beef because of concerns about a healthier diet.