Net exports are negative when
A. imports exceed exports.
B. depreciation exceeds exports.
C. exports exceed imports.
D. net exports exceed imports.
Answer: A
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Refer to Table 11-1. Diminishing marginal returns sets in when the ________ worker is hired
A) 2nd B) 3rd C) 4th D) None of the above; the production function displays increasing marginal returns.
A job leaver is an individual
A) in the labor force whose employment was involuntarily terminated. B) who used to work full time but left the labor force and has now reentered it looking for a job. C) in the labor force who quits voluntarily. D) who has never held a full-time job lasting two weeks or longer but is now seeking employment.
Gross domestic product (GDP) is:
A. a stock. B. a flow. C. both a stock and a flow. D. neither a stock nor a flow.
Medicaid:
A. helps finance medical expenses for those participating in the TANF and Supplemental Security Income programs. B. has been abandoned in favor of privately provided medical insurance. C. is a program of medical insurance for the aged and retired. D. is a compulsory national health insurance program that only covers preventative medical services.