Technological progress is one of the mechanisms by which economies can grow
Indicate whether the statement is true or false
TRUE
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List five shortcomings of GDP which result in GDP not accurately measuring a country's well being
What will be an ideal response?
It is difficult for cyclically unemployed individuals to find jobs because:
A. they do not meet the qualifications required for the available jobs. B. the economy is in a recession. C. they quit their last job and employers view them with suspicion. D. they have not looked long enough to find a job.
Jaime has just researched and purchased a book through the Internet as a result of responding directly to a ad on Facebook. The Facebook ad is an example of
A. mass marketing. B. direct marketing. C. indirect marketing. D. interactive marketing.
Which of the following costs will not change as output changes?
A) marginal cost B) total variable cost C) average variable cost D) average fixed cost E) total fixed cost