Rising unemployment and decreased business confidence could be signs that the economy is at the start of a(n):
A. recession.
B. boom.
C. expansion.
D. recovery.
Answer: A
Economics
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Impure public goods
A. are nonrival in consumption. B. cannot be priced in the market. C. are rival in consumption. D. are never provided by the private sector.
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Profit is equal to
A. total revenue minus total cost. B. total revenue divided by total cost. C. total revenue divided by marginal revenue. D. marginal revenue minus marginal cost.
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Sharply rising oil prices are most likely to lead to a
A. Negative demand shock B. Positive demand shock C. Negative supply shock D. Positive supply shock
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If we compare income percentages of total income of the highest quintile in 1968 with 2008, we would find that it was
A. rising. B. staying about the same. C. falling.
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