Productivity is hardest to measure in which sector?
a. Agriculture
b. Construction
c. Manufacturing
d. Service.
d. Service.
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Use the aggregate expenditures model and assume the marginal propensity to consume (MPC) is 0.90 . A decrease in government spending of $1 billion would result in a decrease in GDP of:
a. $0. b. $0.9 billion. c. $1.0 billion. d. $9.0 billion. e. $10.0 billion.
Which considerations regarding regulatory policies were related to the production of the Toyota Prius in the United States?
A.Toyota had to make sure it complied with health and safety regulations. B. Since the car was a hybrid, Toyota did not have to worry about federal emissions standards. D. All of the above C. Since Toyota is a Japanese producer, the regulatory policies of the United States did not apply to its new cars.
Price ceiling is a legally established ______ price.
a. minimum b. maximum c. equilibrium d. indeterminate
Refer to the information provided in Figure 28.7 below to answer the question(s) that follow.
Figure 28.7Refer to Figure 28.7. If the natural unemployment rate equals 4%, the unemployment rate at U0 could be
A. 3%. B. 4%. C. 5%. D. 6%.