If, during the negotiations between the union and the management, a lockout occurs, it would be because
a. The management is trying to convince the union that it would stick to its strategy
b. The union believes the management's threat
c. All of the above
d. None of the above
a
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Assuming that the government can act immediately before the multiplier takes effect, then to offset an increase in investment by $1 billion, government purchases must be:
A. decreased by $2 billion. B. increased by $1 billion. C. decreased by $1 billion. D. decreased by $0.5 billion.
In the United States, the percentage of households that have incomes below the mean income is
A) 50 percent. B) less than 50 percent. C) more than 50 percent. D) 0 percent.
In the above figure, the farmer faces a trade-off between beans and wheat equal to
A) one-to-one. B) three-to-one. C) one-to-two. D) one-to-four.
Which of the following about trade is true?
What will be an ideal response?