The U.S. did not lapse back into a depression after World War II ended for all of the following reasons EXCEPT
A. a larger role taken on by the federal government.
B. pent up demand for housing and automobiles.
C. government programs that aided the trend toward suburbanization.
D. a return to laissez-faire economic policies.
D. a return to laissez-faire economic policies.
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If the dollar depreciates, it can be said that
A. foreign countries no longer respect the United States. B. it falls in value within the United States. C. it takes fewer dollars to buy foreign currencies. D. other currencies appreciate.
That part of disposable income not spent on consumption is defined as:
a. transitory disposable income. b. permanent disposable income. c. disposable income. d. autonomous consumption. e. saving.
One of the reasons why men have shorter lines at public rest rooms is because their bathrooms have many more urinals than toilets so turnover is much faster. The efficiency of urinals in terms of water usage and time savings seems clear, yet no one uses urinals in their own homes. This seems to be a curious puzzle. A good economic naturalist should have some explanation for this lack of urinals in homes. What reasons can you give for this puzzle?
What will be an ideal response?
With the exception of during recessions, workers in Canada are eligible for unemployment benefits for about twice as long a period of time as workers in the United States. As a result
A) the average duration of unemployment is longer in the United States than in Canada. B) the unemployment rate in Canada is usually higher than in the United States. C) the opportunity cost of job search in Canada is lower than in the United States. D) frictional unemployment is higher, on average, in the United States than in Canada.