The interest rates paid on Treasury bills ________
A) go down in booms
B) go up in recessions
C) are a coincident indicator
D) all of the above
E) none of the above
E
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If a drug company creates a new drug designed to treat common seasonal allergies is approved by the U.S. Food and Drug Association (FDA), which means the drug can be marketed and sold in the U.S., the approval by the FDA is an example of ________.
A) a trademark B) screening C) self-revelation D) a certification
If the quantity of labor Sam supplies to a job is zero over the realistic range of wages, Sam
a. is either unwilling or unable to perform the job b. has not been hired to do the job c. has not been hired to do the job at the going market wage rate d. is unable to perform the job e. is unwilling to perform the job
Over the 1980 and 1990s, countries that were given large amounts of aid:
A. experienced growth of 1 percent regardless of the policy in place. B. saw GDP shrink by 1 percent regardless of the policy in place. C. saw GDP shrink by 1 percent even if they had sound policy in place. D. experienced mixed impacts on their GDP growth.
The accompanying figure shows Becky's daily production possibilities curve for dresses and skirts.
Of the labeled points, only ________ are efficient.
A. W, X, Y, Z, V, and T B. W, X, Y, Z, and V C. T and U D. X, Y, and Z