The parity ratio:
A. compares worker productivity in the farm and nonfarm sectors.
B. is the ratio of per capita farm income to per capita nonfarm income.
C. is the ratio of prices received by farmers to prices paid by farmers.
D. is the ratio of prices paid by farmers to prices received by farmers.
Answer: C
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Refer to Table 4-7. If a minimum wage of $11.50 is mandated there will be a
A) shortage of 40,000 units of labor. B) surplus of 20,000 units of labor. C) surplus of 40,000 units of labor. D) shortage of 20,000 units of labor.
When I purchase a corporate ________, I am lending the corporation funds for a specific time. When I purchase a corporation's ________, I become an owner in the corporation
A) bond; stock B) stock; bond C) stock; debt security D) bond; debt security
Abstract economic theory can be used by academicians but not by politicians or business people.
Answer the following statement true (T) or false (F)
The price of a typical basket of goods and services in one period divided by the price of the same basket in a different year is a(n)
a. price index b. TV-violence index c. employment index d. output index e. unemployment index