When net taxes increase and government purchases decrease, _____
Fill in the blank(s) with the appropriate word(s).
the aggregate demand curve shifts leftward.
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Which of the following would NOT be counted as employed?
A) an underemployed person B) an employee working overtime every day C) a part-time worker D) a discouraged worker
The above figure shows a graph of the market for pizzas in a large town. At a price of $14, there will be
A) no pizzas supplied. B) equilibrium. C) excess supply. D) excess demand.
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.
At the end of the Korean War, South Korea was one of the poorest countries in the world. Fifty years later, it is now considered a developed country. Which of the following phenomena is most likely to explain South Korea's development over the last 50 years?
A. Brain drain B. Infrastructure investment C. Increased competition for investment among developing countries D. Credentialism