Since the 1960s, the share of the labor force that is unionized in the United States has
A) increased except for the government sector.
B) increased.
C) declined.
D) declined except in the private sector.
C
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The change in the quantity of capital from one period to the next is equal to
A) net investment. B) financial investment. C) gross investment. D) wealth. E) depreciation.
Assume that an increase in Costa Rica's government budget deficit reduced desired national saving by 10 million colon. Assuming Costa rice is a small open economy, you would expect the government's action to
A) increase the current account balance by exactly 10 million colon. B) increase the current account balance by less than 10 million colon. C) reduce the current account balance by exactly 10 million colon. D) reduce the current account balance by more than 10 million colon.
The total quantity of output demanded at alternative price levels refers to:
A. Macro equilibrium. B. Consumption. C. Market demand. D. Aggregate demand.
Refer to Scenario 7.5 below to answer the question(s) that follow.SCENARIO 7.5: You own and are the only employee of a company that customizes bicycles. Last year your total revenue was $60,000. Your costs for rent and supplies were $25,000. To start this business you invested an amount of your own capital that could pay you a $45,000 a year return.Refer to Scenario 7.5. Your accounting profit last year was
A. -$10,000. B. $15,000. C. $35,000. D. $60,000.