The recession of 1937-38 could be blamed on
A. both the Roosevelt Administration and the Federal Reserve Board.
B. neither the Roosevelt Administration nor the Federal Reserve Board.
C. the Roosevelt Administration, but not the Federal Reserve Board.
D. the Federal Reserve Board, but not the Roosevelt Administration.
A. both the Roosevelt Administration and the Federal Reserve Board.
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The unemployment rate is equal to
A) (number of unemployed people ÷ number of employed) × 100. B) (number of employed people ÷ labor force) × 100. C) (number of unemployed people ÷ labor force) × 100. D) (number of unemployed people ÷ working-age population) × 100. E) (labor force ÷ population) × 100.
Betty is out on a first date with Barney. She decides to order the garden salad with dressing on the side in an effort to make a good first impression, even though she prefers leg of lamb. Economic theory:
A. cannot explain why someone would choose a meal that brings her less utility than another. B. would suggest that making a good impression with her choice will bring her more utility than ordering lamb and making a bad impression. C. would suggest that she values what Barney thinks of her and will derive negative utility if she does not impress him. D. cannot be used to explain matters of the heart.
Antitrust policies are a set of measures which are taken to liberate the economy from unnecessary governmental controls
a. True b. False Indicate whether the statement is true or false
Utility is measured in units known as ______.
a. incomes b. increases c. margins d. utils