To calculate the Consumer Price Index, the BLS surveys
A. over 10,000 households.
B. all households in one major city each month.
C. all households in the United States.
D. between 100 and 500 households.
Answer: A
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The figure above shows the market for milk in Cowland. If a subsidy paid to producers of $1 per gallon of milk is introduced, what is the amount, including the subsidy, that suppliers keep per gallon?
A) $3.00 a gallon B) between $3.00 and $4.00 per gallon C) $4.00 a gallon D) between $4.00 and $5.00 per gallon
People have incentive to efficiently and effectively use land in the public domain or held by a communal group
Indicate whether the statement is true or false
Villagers in Xiaogang, China, produced more rice than those in surrounding villages because:
a. they had better farmland. b. they were given better seeds. c. they were able to keep the output they produced individually. d. they made each family responsible for a certain, higher quota of rice production. e. they had common ownership over the rice produced.
If an economy consumes 75 percent of any increase in disposable income, then an increase in autonomous investment of $1 billion could result in an increase in total spending of as much as
A) $1.0 billion.. B) $4.0 billion. C) $5.0 billion. D) $1.8 billion. E) $6.0 billion.