In a perfectly competitive market, buyers and sellers are price setters
a. True
b. False
Indicate whether the statement is true or false
False
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According to the Ricardo-Barro effect, an increase in the government budget deficit
A) lowers the real interest rate. B) has no effect on the nominal interest rate but does change the real interest rate. C) shifts the demand for loanable funds curve leftward. D) shifts the supply of loanable funds curve leftward. E) does not change the real interest rate.
Most studies using the compensating differential approach have estimated the value of a life to be between $3 million and $7 million
Indicate whether the statement is true or false
Classify the following as positive economics statements or normative economics statements
a) An increase in an individual's income increases consumption, but by an amount less than the increase in income. b) The government should undertake the responsibility of providing healthcare to all its citizens. c) A trade deficit can be advantageous to an economy. d) An increase in net exports has a positive effect on a country's national income. e) The gross domestic product of India is increasing at 5% annually.
What is the participation rate if there are 125 million people in the labor force, 100 million people employed, and 25 million not in the labor force?
A) 83% B) 80% C) 75% D) 67%