An "aggregate":
A. is too large to analyze using standard macroeconomic theories.
B. is the primary unit of analysis in microeconomics.
C. treats a single unit as if it were a collection of specific units
D. treats a collection of specific units as one unit.
Answer: D
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The market value of final goods and services produced within a country during a period of time is called:
A. government documented production. B. gross domestic product. C. general domestic productivity. D. guaranteed direct prices.
If the U.S. has a comparative advantage in almonds relative to Japan, we would expect that
A. the U.S. would export almonds to Japan and Japan would export almonds to the U.S. B. Japan would export almonds to the United States. C. the U.S. would export almonds to Japan. D. None of these situations would take place.
Refer to the graph shown.
Assuming a consumer has $5 to spend, if a soda costs $0.50 and a chocolate bar costs $0.50, the consumer will optimally choose to consume:
A. at point B. B. 10 cans of soda and 0 chocolate bars. C. at point A. D. 0 cans of soda and 10 chocolate bars.
Which purpose of the performance appraisal identifies deficiencies or problems with officers' performance, especially those officers who recently graduated from the police academy?
A) FTO evaluation B) training C) recruitment and selection D) horizontal job changes