Economies of scale are also known as
a. Increasing returns to scale
b. Decreasing returns to scale
c. Constant returns to scale
d. None of the above
a
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The official U-3 unemployment rate
A) includes persons without a job who have made efforts in the last week to find a job. B) includes persons without a job, whether they are actively searching for work or not. C) counts discouraged workers as unemployed. D) counts people with part-time jobs who want full-time jobs as unemployed.
In the United States from 1981 to 2013, deaths from all of the following declined substantially except
A) heart attacks. B) kidney disease. C) cancer. D) strokes.
Screening refers to
a. private schools selecting only the students who are easiest to teach b. employers requiring a high-school diploma as a way of rejecting unqualified applicants c. governments deciding who should receive health care d. universities using standardized testing to decide who should enter e. none of the above
Refer to Figure 10.7. A movement from point C to point A could be caused by
A) a negative demand shock. B) a decrease in the term premium investors expect in the future. C) a decrease in the default-risk premium. D) a decrease in the expected rate of inflation.