Refer to the data provided in Table 11.4 below to answer the following question(s).
Table 11.4 
Refer to Table 11.4. When the interest rate ________, the farmer will engage in no investment.
A. is less than 10%
B. is greater than 10%
C. is less than 30%
D. is greater than 30%
Answer: D
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Suppose the total monetary value of all final goods and services produced in a particular country during one year is $500 billion, and the total monetary value of final goods and services sold is $450 billion. We can conclude that ________.
A. real GDP in 2010 is $450 billion B. inventories in 2010 fell by $50 billion C. nominal GDP in 2010 is $450 billion D. nominal GDP in 2010 is $500 billion
Which of the following is an accurate statement about rationality?
a. Rationality is the same for all people. b. Rationality is subjective. c. Rationality yields mostly satisfying results. d. Rationality uses complex formulas.
A government policy that tries to minimize inflation and unemployment can best be described as trying to achieve economic
A. equity. B. profitability. C. efficiency. D. stability.
Suppose that white workers are getting paid $21/hour, while similarly-productive African-American workers are getting paid $18/hour. A prejudiced white employer with a discrimination coefficient of $24/hour will:
A. Hire African-Americans only if their wage rate falls to $3/hour B. Hire African-American workers C. Not hire African-Americans at all, even if they offer to work for free D. Not hire African-Americans, unless they work for free