A price support on agricultural products is labeled by economists as a
A. price ceiling.
B. just price.
C. price limit.
D. price floor.
Answer: D
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What will be an ideal response?
A nation can accelerate economic growth by increasing its production of consumer goods
a. True b. False Indicate whether the statement is true or false
If the labor force participation rate is rising and the working -age population is not changing, then the
A) size of the labor force is falling. B) size of the labor force is rising. C) number of employed people must be increasing. D) number of unemployed people is rising and the size of the labor force is falling. E) number of unemployed people is falling and the size of the labor force is rising.
"If the marginal tax rate is high enough, the expenditure multiplier can be negative." Is the previous statement correct or incorrect?
What will be an ideal response?