Exhibit 1A-8 Straight line relationship
According to the Exhibit 1A-8, the relationship between the price and quantity purchased of pizza is:
A. direct.
B. inverse.
C. complex.
D. independent.
Answer: B
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A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower
U-1 is a more ________ measure of unemployment rate than the conventional U-3 measure and U-1 counts as unemployed workers who ________
A) narrow; have been unemployed for 15 weeks or more weeks B) broad; have been laid off C) broad; are marginally attached to the labor force D) narrow; have been laid off E) broad; who are discouraged workers
Autarky is the situation of national self-sufficiency, in which there is no economic interaction with foreign producers or consumers
Indicate whether the statement is true or false
Which of the following would generate positive externalities?
A. Flu vaccinations. B. Farmers' use of pesticides. C. Cigarette smoking in elevators. D. Litter left at the beach.