Martin Shore lost his job when General Motors closed down its local plant. He has been visiting the personnel offices of the other factories in the area, looking for a new job. He is:
A. a member of the civilian labor force who is employed.
B. a member of the civilian labor force who is unemployed.
C. a member of the civilian labor force who is underemployed.
D. a discouraged worker who is not a member of the labor force.
Answer: B
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Which of the following best reflects an increase in quantity demanded and not an increase in demand?
A) A college expects enrollment to increase, despite no change in the tuition. B) Skiing becomes a fashionable winter sports activity. C) The price of hair stylings falls. D) Consumers expect lower prices next month for computers.
Identify the correct statement. a. A budget deficit is a flow variable, while debt is a stock variable. b. A budget deficit is a stock variable, while debt is a flow variable. c. A budget deficit and debt are both stock variables
d. The budget deficit decreases when aggregate demand decreases. e. Debt increases when the budget deficit decreases.
Firms are likely to underinvest in research and development, which slows knowledge capital, slowing economic growth, because
A. knowledge capital is both rival and excludable, and no other firms can freely access the research and development of one particular firm B. they can save that money and invest in capital accumulation, which is much better for growth C. research and development are expensive and at the firm level, it is subject to increasing returns D. knowledge capital is both nonrival and nonexcludable; other firms can freely access the research and development of one particular firm
If the savings rate in an economy is 30%, and the level of investment in the economy is $400, the GDP of the economy must be:
A) $1,900.25. B) $1,111.22. C) $1,333.33. D) $1,750.50.