Average consumer prices are included in the index of leading economic indicators.
Answer the following statement true (T) or false (F)
False
The index of leading economic indicators includes the average workweek, unemployment claims, delivery times, credit, materials prices, equipment orders, stock prices, money supply, new orders, building permits, and inventories.
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When firms discuss pricing strategies with each other:
A. it is a violation of antitrust laws. B. it is not a violation of antitrust laws because laws cannot restrict free speech. C. it is a violation of antitrust laws only if the discussion includes punishment strategies. D. it is a violation of antitrust laws only if some firms in the industry are excluded from the discussion.
The lowest percentage of the U.S. population in poverty is found when using which measurement of household resources?
A) private income only B) private income plus cash benefits C) private income with cash and in-kind benefits D) private income with Social Security payments subtracted
External costs are the difference between
A. Benefits and costs. B. Average and marginal costs. C. Marginal social benefits and marginal social costs. D. Social costs and private costs.
Refer to the below table. If there was no health insurance, the equilibrium price and quantity of health care would be:
Use the table below to answer the question. The table shows the hypothetical demand and supply schedule for health care
A. $600 and 300 units
B. $400 and 400 units
C. $500 and 400 units
D. $400 and 500 units