In 2009, household spending was the smallest component of total spending in the U.S. economy
a. True
b. False
Indicate whether the statement is true or false
False
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An essential characteristic of credit unions is that
A) they are typically large. B) branching across state lines is prohibited. C) their lending is primarily for mortgage loans. D) they are organized for individuals with a common bond.
If government did not individual rights, the efficiency of a market economy_____
a. would decline b. would be about the same c. would increase d. could possibly decline or possibly increase
Where marginal cost is less than average cost,
a. opportunity cost must have been excluded from the calculation of marginal cost. b. marginal cost must be falling. c. marginal cost must be rising. d. marginal cost may be rising, falling, or constant.
Professional underwater divers are known to have high wages and work an average of only 20 hours per week. Which of the following would push the divers' wages higher?
a. The job is simple. b. The job is fun. c. The job is very dangerous. d. The job does not require specialized training.