According to 2014 data on the U.S. population, which of the following groups of adults of prime working age (ages 25-54) had the highest labor-force participation rate?
a. white males
b. white females
c. black males
d. black females
a
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What is the relationship between average total cost, average variable cost, and average fixed cost? If average total cost is $5.76 and average fixed cost is $1.35, what is the level of average variable cost?
What will be an ideal response?
International data on GDP and socioeconomic variables
a. are inconclusive about the relationship between GDP and the economic well-being of citizens. b. suggest that poor nations actually might enjoy a higher standard of living than do rich nations. c. leave no doubt that a nation's GDP is closely associated with its citizens' standard of living. d. indicate that there are few real differences in living standards around the world, in spite of the large differences in GDP between nations.
The main idea behind using fiscal policy to combat a recession is:
A. the government will make up for the decreased saving in the economy, preventing a downward spiral. B. the government will supplement the increased saving in the economy, contributing to an upward spiral. C. the government will make up for the decreased spending in the economy, preventing a downward spiral. D. the government will supplement the increased spending in the economy, contributing to an upward spiral.
Cyclical unemployment happens because
A. businesses make strategic errors. B. of the ups and downs of the business cycle. C. of government intervention. D. inflation rates vary.