If a woman marries her housekeeper, GDP would remain constant
a. True
b. False
Indicate whether the statement is true or false
False
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If a specific tax is implemented
A) the firm's average cost curve shifts up, resulting in lower profits. B) the after-tax marginal cost curve shifts, resulting in lower quantity produced. C) there is less profit per unit sold. D) All of the above.
The exchange rate is
a. another term for "interest rate." b. another term for "growth rate." c. the rate at which goods trade for one another across international borders. d. the price of one currency in terms of another currency.
Which of the following is not an investment in human capital?
A. An individual decides to enroll in a vocational training program. B. The government expands its programs to improve health care. C. The government increases the level of unemployment benefits. D. A firm engages in on-the-job training.
A situation in which output decreases while prices increase is often referred to as:
A. inflation. B. negative economic growth. C. a recession. D. stagflation.