In Sweden
A. the government has kept unemployment low by offering industry and workers a series of subsidies and incentives.
B. education is free from nursery school through college.
C. women may take a year off work after child birth while receiving 80 percent of their pay.
D. All of the choices are true.
D. All of the choices are true.
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In an oligopoly market, the Herfindahl-Hirschman Index is usually
A) greater than 2,500. B) below 1,000. C) between 100 and 1,000. D) between 200 and 2,000.
Suppose that Juan Carlos is filling out a survey that he received in the mail. The survey asks him what he would do if the price of his favorite toothpaste increased. Juan Carlos reports that he would switch to a different brand. The survey asks what he would do if the price of all toothpastes increased. Juan Carlos reports that he must use toothpaste, so he would have to adjust his spending
elsewhere. These examples illustrate the importance of a. changes in total revenue in determining the price elasticity of demand. b. a necessity versus a luxury in determining the price elasticity of demand. c. the definition of a market in determining the price elasticity of demand. d. the time horizon in determining the price elasticity of demand.
What has been TRUE about inflation in the United States since 1960?
A. Inflation rates have been consistently positive. B. Inflation rates have been consistently above 100 percent per year C. The annual rate of inflation has varies around zero percent. D. The nation has experienced persistent deflation.
Answer the following statements true (T) or false (F)
1) Cost-push inflation increases real output and employment. 2) Proponents of zero inflation argue that even mild inflation (1 to 3 percent) reduces the economy's real output. 3) Economists who are willing to accept mild inflation consider it to be a necessary by-product of high and growing spending that produces high levels of output, full employment, and economic growth. 4) Demand-pull inflation is usually accompanied by low unemployment and higher real output.