A. boiling temperature unit. B. base tax utility. C. British thermal unit. D. base technology utility
A. raise the temperature of one pound of water by one degree Fahrenheit.
B. boil one gallon of water for one minute.
C. raise the air temperature one degree Celsius for one hour.
D. raise the temperature of one pint of water by one degree Celsius.
Answer: A
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Demand curves can be affected by the prices of related goods.
Answer the following statement true (T) or false (F)
The General Agreement on ___________ and Trade (GATT) was established to provide a forum in which nations could come together to negotiate reductions in tariffs and other barriers to trade.
a. Travel b. Taxes c. Tariffs d. Transfers
Unemployment that occurs when there are not enough jobs for the number of people in the labor force is referred to as:
A. Frictional unemployment. B. Structural unemployment. C. Cyclical unemployment. D. Seasonal unemployment.
Long-run macroeconomic policy focuses on shifting the:
A. Aggregate supply curve to the left. B. Production possibilities curve outward. C. Aggregate demand curve to the left. D. Money supply curve to the right.