When measuring ________ for the purpose of classifying people as poor, the measurement used is money income.
A. employment
B. income
C. wealth
D. All of the above are correct.
Answer: B
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If the market demand in a monopolistically competitive industry increases, a likely result in the long run will be
A) less elastic demand curves facing each firm. B) a higher ratio of price to average cost. C) a larger number of firms producing a similar product. D) a transition from monopolistic competition to oligopoly.
The best measure of how much output the average person would get if all output were divided evenly among the population would be
A. GDP. B. The capital stock of the economy. C. The economic growth of the economy. D. Per capita GDP.
FDICIA ________ incentives for banks to hold capital and ________ incentives to take on excessive risk
A) increased; decreased B) increased; increased C) decreased; decreased D) decreased; increased
Other things the same, an increase in the real exchange rate raises U.S. net exports
a. True b. False Indicate whether the statement is true or false