In her book on the American work week, economist Juliet Schorr argues that Americans work too much. Her argument may be interpreted as concluding that this behavior
A. increases GDP but decreases well-being.
B. increases GDP and increases well-being.
C. decreases GDP and decreases well-being.
D. decreases GDP but increases well-being.
Answer: A
You might also like to view...
In the long-run equilibrium
A) output is a function of autonomous expenditures. B) inflation is a function of past inflation. C) inflation equals potential output. D) output equals potential output.
In the model of the money supply process, the Federal Reserve's role in influencing the money supply is represented by
A) both the required reserve ratio and the market interest rate. B) the required reserve ratio, nonborrowed reserves, and borrowed reserves. C) only borrowed reserves. D) only nonborrowed reserves.
The small-economy assumption is necessary to analyze the gains and losses from international trade
a. True b. False Indicate whether the statement is true or false
A tariff increases the quantity of imports and moves the market farther from its equilibrium without trade
a. True b. False Indicate whether the statement is true or false