Productivity is measured as output per unit of productive input
a. True
b. False
Indicate whether the statement is true or false
True
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A supply schedule shows
A. the “market potential” for a product. B. how much producers are willing and able to sell at different prices. C. possible combinations of output under different conditions. D. how much consumers would like to buy at different prices. E. All of these responses are correct.
If a pair-wise majority vote was held and the voters' preferences are shown in the table, assuming public parks and transportation was the first pair to be voted on, which voter will be happiest with the outcome?
A. Abby
B. Carlo
C. Bob
D. Bob and Carlo will be equally happy.
As the economy goes through an expansion,
a. fluctuations in GDP become more severe b. unemployment finally stabilizes c. investment stabilizes d. the classical model becomes a better predictor e. unemployment falls.
The speculative motive for holding money reflects the behavior of people who hold money
a. instead of near money b. to transact purchases they expect to make c. as insurance against unexpected needs d. to speculate in the stock market e. to take advantage of anticipated or hoped for changes in interest rates