When a variable that is not named on either axis of a graph changes, we read the change as a movement along the curve
a. True
b. False
Indicate whether the statement is true or false
False
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To put government debt into perspective, it should be:
a. Compared to a nation's balance on goods and services. b. Adjusted for inflation to find the real debt. c. Adjusted by any increase in wage rates caused labor union activity. d. All the above. e. None of the above.
Suppose each of the following rows represents the choice faced by policy makers given the current set of U.S. institutions and technology. What is the opportunity cost of reducing unemployment from 8 percent to 4 percent?UnemploymentInflation103846557410
A. 4 percentage points of unemployment B. 4 percentage points of inflation C. 6 percentage points of inflation D. 6 percentage points of unemployment
Which of the following is a requirement for a perfectly competitive market?
A. Sellers maximize sales. B. There are barriers to entry. C. Buyers and sellers are price takers. D. There are indivisible setup costs.
The price parity concept, which is a cornerstone of U.S. agricultural policy, was established by the:
A. Agricultural Income Act of 1914 B. Agricultural Adjustment Act of 1933 C. Obama administration D. Reagan administration