Calculate inflation between 2018 and 2019 if the GDP deflator was 115 in 2018 and 130 in 2019.
What will be an ideal response?
13
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In the United States, part-time workers are
A) less numerous than full-time workers. B) considered discouraged workers. C) about as numerous as full-time workers. D) counted as unemployed in all measures of the unemployment rate. E) more numerous than full-time workers.
The highest-valued alternative that must be given up to engage in an activity is the definition of
A) implicit cost. B) economic sacrifice. C) utility. D) opportunity cost.
A conservative philosophy of land distribution would not support which of the following?
a. High minimum acreage rules for people buying land b. High minimum prices for land c. Credit payments for the land
If a tax is levied on the sellers of a product, then the demand curve will
a. shift down. b. shift up. c. become flatter. d. not shift.