The industrial revolution began in
A. England.
B. The United States.
C. Germany.
D. Japan.
A. England.
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The central bank of the European Union is called the
A) Federal Reserve. B) European Central Bank. C) Banco Europe. D) Bundesbank.
M2 consists of M1 plus savings deposits, small time deposits, money market mutual funds, and a few minor categories.
Answer the following statement true (T) or false (F)
Exhibit 2-8 Production possibilities curve data A B C D E F Capital goods15 14 12 9 5 0 Consumer goods 0 2 4 6 8 10 As shown in Exhibit 2-8, the concept of increasing opportunity costs is reflected in the fact that:
A. the quantity of consumer goods produced can never be zero. B. the labor force in the economy is homogeneous. C. greater amounts of capital goods must be sacrificed to produce an additional 2 units of consumer goods. D. a graph of the production data is a downward-sloping straight line.
Which one of the following would likely reduce the level of structural unemployment?
A. increasing the level of union bargaining power B. reducing unemployment insurance benefits C. increasing the minimum wage to encourage more people to work D. strengthening restrictions on who can be licensed to enter certain professions