tax revenues vary:
In the graph above
A. Directly with the level of GDP
B. Inversely with the level of GDP
C. Directly with the level of government spending
D. Inversely with the level of government spending
A. Directly with the level of GDP
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In a small country, the adult population equals 5,000. There are 4,000 people in the labor force and 3,000 people are employed. The labor force participation rate equals
A) 25 percent. B) 80 percent. C) 30 percent. D) an undetermined amount given the lack of information.
A family's ability to buy goods and services depends largely on the family's
a. economic mobility. b. place in the economic life cycle. c. transitory income. d. permanent income.
U.S. international trade has
a. decreased because of a decrease in the trade of goods with a high value per pound. b. decreased because of an increase in the trade of goods with a high value per pound. c. increased because of a decrease in trade of goods with a high value per pound. d. increased because of an increase in trade of goods with a high value per pound.
You can find the MRP by multiplying marginal physical product by price for
A. both the perfect competitor and the imperfect competitor. B. neither the perfect competitor nor the imperfect competitor. C. only the perfect competitor. D. only the imperfect competitor.