Refer to the table above. At what rate did the country grow between 2005 and 2006?
A) 15.95% B) 12.45% C) 18% D) 16.33%
D
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The Phillips curve indicates that when the labor market is ________, production costs will ________ and aggregate supply decreases
A) easy; rise B) easy; fall C) tight; fall D) tight; rise
The “cradle to cradle” approach to materials and waste management
a. involves a linear flow of materials and wastes b. involves a cyclical flow of materials and wastes c. acknowledges design for recycling in the waste management process d. none of the above e. (b) and (c) only
When economists speak of changes in GDP measured in constant dollars, they mean that
What will be an ideal response?
A consumer is buying the optimal amount of goods when
A) the total utility from the purchases on all the goods purchased is the same. B) the marginal utility from the purchases of all the goods purchased is the same. C) the marginal utility per last dollar spent on all of the goods purchased is the same. D) the marginal utility from the purchases of all the goods is equal to 1.