The share of college degrees earned by women was ____ in 2013 compared to ____ in 1961
a. 50 percent; 50 percent
b. 47 percent; 30 percent
c. 57 percent; 39 percent
d. 51 percent; 48 percent
C
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Everything else the same, if government expenditure increases by $400 billion and imports increase by $400 billion, then GDP
A) increases by $400 billion. B) increases by $200 billion. C) decreases by $400 billion. D) does not change. E) decreases by $200 billion.
Prices do not necessarily tend toward equilibrium and are subject to fits of change when a market is
a. a natural monopoly b. an unbalanced oligopoly c. monopolistically competitive d. in a long-run situation e. an oligopoly using game theory strategies
Structural unemployment is:
A. the extra unemployment that occurs during periods of recession. B. short-term unemployment that is associated with the process of matching workers with jobs. C. the additional unemployment not captured in official statistics resulting from discouraged workers and involuntary part-time workers. D. long-term and chronic unemployment that exists even when the economy is producing at a normal rate.
In order to be drawn correctly, the minimum of the AVC is
A. vertically straight down from the minimum of the ATC (neither to the right nor left). B. to the left and up of the minimum of the ATC. C. to the left and down from the minimum of the ATC. D. to the left and up from the minimum of the MC.