The United Nations' goal of reducing the global rate of extreme poverty to 15 percent by 2015 is known as the
A. Millennium Poverty Goal.
B. Global Poverty Goal.
C. United Nations' Poverty Goal.
D. World Poverty Goal.
Answer: A
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When workers voluntarily leave work while they look for better jobs, the resulting unemployment is called
A) structural unemployment. B) frictional unemployment. C) cyclical unemployment. D) underemployment.
If government undertakes to reduce water usage by using a market incentive plan:
A. consumers will be asked to reduce water usage voluntarily. B. consumers who reduce water usage by more than the required amount can sell marketable certificates to consumers who seek to reduce usage by less than the required amount. C. each consumer will have to reduce his or her water usage by an equal amount. D. consumers who do not reduce usage by the required amount will have to pay taxes on the extra water usage.
Both Keynesian and monetarist theories believe that _______ aggregate _______ causes inflation.
A. An increase in; supply B. Excessive; supply C. Too little; demand D. Excessive; demand
Which of the following is true?
A. On a linear demand curve, elasticity is constant. B. At the same price, demand is less elastic on the steeper demand curve. C. On a linear demand curve, the higher the price, the less elastic is demand. D. All are true.