Which of the following is true?
a. The U.S. has a mandated vacation policy, everyone gets 2 weeks
b. There is a trend towards downshifting, opting for a simpler life or at least considering it
c. Europeans generally have shorter vacations that North Americans
d. The workforce in the U.S. is getting younger
B
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Which of the following correctly ranks the amounts from smallest to largest?
A. output per person, total output, average labor productivity B. total output, average labor productivity, output per person C. total output, output per person, average labor productivity D. output per person, average labor productivity, total output
If players discount the future sufficiently, cooperation in infinitely repeated Prisoners' Dilemma games cannot emerge as a subgame perfect equilibrium.
Answer the following statement true (T) or false (F)
Which of the following economic decisions would most likely be studied by a macroeconomist?
A. Domino's Pizza decides to provide quantity discounts in order to increase revenue. B. A local entrepreneur decides to open a Waffle House in the local Walmart parking lot. C. The government of Estonia implements a flat rate personal income tax for all citizens. D. Prices for train fares rise as labor unions negotiate higher wage rates.
Which statement is true?
A. Because the United States has the largest consumer market in the world, it has been targeted by foreign sellers B. China targeted the large U.S. consumer market to help propel its strong economic growth over the last 20 years C. Today, the Chinese run such huge trade surpluses with the U.S. that they can finance most of the United States' federal budget deficit D. All the choices are true