When equilibrium GDP is below potential GDP, jobs are
A. plentiful and unemployment is low.
B. plentiful and unemployment is high.
C. scarce and unemployment is high.
D. scarce and unemployment is low.
Answer: C
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An inward-oriented strategy is designed to:
a. expand a country's export capacity. b. lower the production of capital goods. c. develop the domestic manufacturing sector. d. promote the consumption of imported goods. e. improve productivity in the domestic service sector.
What is the general relationship between race and unemployment rates in the United States?
A. Hispanics have the lowest rate of unemployment; whites have the highest rate of unemployment. B. Whites have the lowest rate of unemployment; Hispanics have the highest rate of unemployment. C. Hispanics have the lowest rate of unemployment; blacks have the highest rate of unemployment. D. Blacks have the lowest rate of unemployment; Hispanics have the highest rate of unemployment. E. Whites have the lowest rate of unemployment; blacks have the highest rate of unemployment.
In the above table, what is the average total cost to produce 5 units of output?
A. $40 B. $60 C. $80 D. $55
In the figure above, with international trade American consumers buy ________ million shirts per year
A) 48 B) 32 C) 16 D) 24