The poorer a country is the:
A. easier it is to pay for things that will bring it out of poverty.
B. less they have to give up for the basic things that will bring them out of poverty.
C. more they can invest in all the components of productivity at once.
D. more difficult it is to pay for things that will bring it out of poverty.
Answer: D
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Indicate whether the statement is true or false
The SAS curve shifts if there is a change in
A) the price level. B) real GDP. C) nominal GDP. D) potential GDP.
Cyclical unemployment refers to unemployment resulting from:
a. a mismatch of skills. b. being in the wrong geographical location. c. the time and monetary cost of finding the best job. d. a recession.
The difference between positive economic statements and normative economic statements is that
a. positive statements are based on opinion while normative statements are based on fact b. positive statements are true and normative statements are often false c. positive statements are often false and normative statements are true d. positive statements are based on fact while normative statements are based on opinion e. both b and d.