The Endangered Species Act was originally passed in
A. the 1980s.
B. the 1990s.
C. the 1930s.
D. the 1970s.
Answer: D
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GDP tends to rise and fall during economic fluctuations but other measures follow the same pattern. One of these measures is
A. the annual precipitation rate. B. the growth of the money supply. C. the inflation rate. D. the unemployment rate.
Autonomous consumption is defined as
A) the level of real consumption spending that is independent of real disposable income. B) the real consumption spending by the autonomous government. C) the level of real consumption spending that is equal to real disposable income. D) the consumption of foreign-made goods independent of exchange rates.
Business cycles are recurring periods of economic growth and decline in an economy's real GDP
a. True b. False Indicate whether the statement is true or false
If the marginal cost were $13, how many units of output would this firm produce?
A. 1
B. 2
C. 3
D. 4