Which of the following provides the closest measure of the rate of change in the prices paid by households?
A. GDP deflator
B. BLS deflator
C. PPI
D. PCE deflator
Answer: D
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One of the aims of positive economics is to rank policies under consideration from most desirable to least desirable.
Answer the following statement true (T) or false (F)
The United States' official measure of poverty is measured by
A. only cash income. B. cash income and capital gains. C. only in-kind income. D. the imputed value of rent payments.
A game with a first-mover advantage is one in which:
A. the first player to move determines the payoffs for the rest of the game. B. the player who chooses first gets a higher payoff than those who follow. C. the player who chooses first gets to decide if a repeated game will start with cooperation from the beginning. D. None of these statements is true.
What factors contribute to the high level of productivity of the American worker?
What will be an ideal response?