Figure 2.1Referring to Figure 2.1,if you increase the production of agricultural goods, what other area is affected?
A. the price of produce
B. the production of manufactured goods
C. how much people can purchase
D. the wages earned by agricultural workers
Answer: B
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At the end of World War I (1918), the United States
A. emerged as the world's leading industrial power. B. was the world's largest economy. C. had become the greatest military power. D. All of the choices are true.
Ignoring any supply-side effects, how does the magnitude of the government expenditure multiplier compare to the magnitude of the tax multiplier? Explain your answer
What will be an ideal response?
Scatterbrain Samantha often forgets to lock her house. This has caused the probability of a burglary to be 30%. If her house gets broken into, she faces a property loss of $10,000, otherwise she gets to keep her $100,000 . If Samantha is offered an insurance policy for her house to protect her from loss at $3,000, would she buy the insurance?
a. Yes because she gets to now enjoy her wealth risk-free b. No, because she can take the risk and be better off c. Yes, because she is a risk lover d. None of the above
Which of the following groups has had declining labor force participation over the last 30 years?
a. Women b. Men c. Teenagers d. Americans