The premise of Head Start is that
A. early childhood education can make a substantial difference in the future lives of children.
B. poor parents aren't very good parents.
C. day care for the poor will allow the poor to make a better living.
D. B) and C)
Answer: A
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The circular flow of income shows that GDP can be measured as the sum of wages, interest, rent, and profits received by households or total expenditures on goods and services by households, firms, government, and the rest of the world
Indicate whether the statement is true or false
Which of the following is TRUE of an oligopoly?
A) They engage in nonprice competition. B) They do not react to actions of their competitors. C) Each firm produces a small portion of the total output. D) Firms do not care what their competitors do.
While opportunity cost is subjective, in some circumstances the money paid for goods and services is a good approximation of their opportunity cost
Indicate whether the statement is true or false
If Marco's output per hour in 2000 was 200 and his output per hour in 2004 was 220, how much would his productivity be in 2004?
A. 20 B. 200 C. 205 D. 220