Which of the following is a positive economic statement?
A. No individual should live in poverty.
B. Economic considerations are less relevant than ethical issues in deciding national policy.
C. The unemployment rate of males exceeds that of females.
D. Unemployment is a more serious societal problem than inflation.
Answer: C
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For the practice of price discrimination to be successful, the monopoly must
a. face an imperfect resale market for its product. b. face similar demand curves for various markets. c. have similar costs among markets. d. have a downward sloping marginal cost curve.
If the Canadian people's real assets increase, then the
a. Canadian economy will move to the right along its existing consumption curve b. Canadian economy will move to the left along its existing consumption curve c. consumption curve in Canada will shift downward d. consumption curve in Canada will shift upward e. investment curve in Canada will shift upward
What are the important factors that determine the velocity of money?
What will be an ideal response?
The costs of income inequalities in an economy can be reduced to an extent if there is ________.
A. capital flight B. labor rigidity C. regressive taxation D. income mobility