In the table above, how many jackets must Mark forgo for every dress he makes?
A) 2/3 of a jacket
B) 1 jacket
C) 24 dresses
D) 16 jackets
E) 1 1/2 jackets
A
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The assumption that population growth will lead to a fall in real GDP per person rate back to subsistence level is
A) accepted by all economists today. B) associated with Malthusians. C) part of the neoclassical school of growth theory. D) central to the new growth theory.
Mid-1960s amendments to the Social Security Act created
a. managed care. b. Medicare and Medicaid. c. major medical insurance. d. Blue Cross and Blue Shield. e. tax exemptions for health insurance as an employee benefit.
The Fed's response to the financial crisis of 2007 and 2008 was to
A. raise the reserve requirement. B. raise the federal funds rate. C. encourage discount window borrowing. D. reduce taxes on financial institutions.
Figure 12.8 depicts an advertising game between two stores. The outcome of the game will be that:
A. both stores choose to advertise. B. both stores choose not to advertise. C. Store A advertises but Store B does not advertise. D. Store B advertises but Store A does not advertise.