Which of the following countries has introduced a training or apprenticeship plan in order to reduce youth unemployment?
a. South Africa
b. Spain
c. India
d. Greece
a. South Africa
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Which of the following is NOT a consumption good?
A) a U.S. government bond B) a UPS truck C) Nike swimming trunks D) a Subway sandwich E) marriage counseling services
"Because monetary policy must be approved by the president of the United States, the president is chair of the Federal Open Market Committee." Analyze the previous statement—is it correct or incorrect?
What will be an ideal response?
One disadvantage of a fixed exchange rate system compared to a floating or managed float exchange rate system is
A) it more difficult for central banks to control inflation. B) it does not allow for government intervention. C) it can worsen inflation if domestic prices of imports rise quickly. D) it eliminates the possibility of depreciation during a recession.
The law of diminishing marginal product is NOT responsible for the shape of
A) the total cost curve. B) the average variable cost curve. C) total fixed cost curve. D) marginal cost curve.