Which period of recent U.S. history shows the lowest rates of productivity growth?
A. 1948–1973
B. 1973–1995
C. 1995–2000
D. All periods had similar growth rates.
Answer: B
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It is conventional to divide the nation's total production into four categories. Name and explain the four categories. In the United States, which category accounts for the largest share and the smallest share of the nation's total production?
What will be an ideal response?
________ is defined as any attempt to capture consumer surplus, producer surplus or economic profit
A) Search B) Rent seeking C) Maximizing monopoly profits D) Price discrimination
Refer to Figure 4-10. What is the area that represents consumer surplus after the imposition of the ceiling?
A) A + B + C B) A + B + D + F + G C) A + B + D D) A + B + D + F
Which of the following statements about bid-ask rates is correct?
a. The bid rate and the ask rate are the rates the bank offers you in exchange for another currency. b. The bid rate and the ask rate are the rates the bank asks you for in exchange for another currency. c. The bid rate is the rate the bank offers you and the ask rate is the rate the bank asks you for in exchange for another currency. d. The bid rate is the rate the bank asks you for and the ask rate is the rate the bank offers you in exchange for another currency.