If the stock market crashes, investment will fall.
Answer the following statement true (T) or false (F)
True
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Billy is a plumber. He earns $15 per hour. One morning, just before he was leaving for work, he found a pipe in his kitchen leaking. He spent two hours repairing the pipe
i) How will this affect the calculation of GDP? ii) If Billy had spent two hours working for one of his clients, what would have been the effect of his activity on the calculation of GDP?
In the above figure, the straight line between the lower left corner and the upper right corner shows
A) perfect equality in income distribution. B) perfect inequality in income distribution. C) that wealth rises as income rises. D) that household size rises as income rises.
The demand curve shows the relationship between quantity demanded and
A) income. B) price. C) supply. D) quantity supplied.
In many countries, laws regarding firing and hiring mainly affect businesses with 50 or more workers. What effect has this had on the businesses?
a. More businesses have 49 or fewer workers. b. Fewer businesses have 49 or fewer workers. c. It has no effect on employment decisions. d. Businesses grow faster to lower the costs of these laws.