The slope of a nonlinear curve
A) changes along the curve. B) is constant.
C) is negative. D) is zero.
A
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Use the following graph to answer the next question.
If this economy was an open economy without a government sector, the level of real GDP would be
A. $300 billion. B. $200 billion. C. $100 billion. D. $400 billion.
Government's unfunded liabilities:
A. result from the political bias toward immediate benefits and deferred costs. B. result in more efficient policies in an attempt to satisfy these liabilities. C. are caused primarily by market failures. D. only occur in democratically elected governments.
Which of the following is true of basic research? a. Basic research is the search for knowledge that does not aim at answering a specific question
b. Basic research is research that is not complex since it addresses elementary questions. c. Basic research is research that seeks to apply scientific discoveries to the development of specific products. d. Basic research is the search for knowledge to solve a particular problem. e. Basic research is always funded by the central government of a country.
Which of the following is included in the study of macroeconomics?
a. Wage rate of college students. b. Prices of automobiles. c. Unemployment in the nation. d. Price of silver and gold.