Which of the following countries has the second highest population in the world?
A) Indonesia
B) Russia
C) India
D) China
C
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Use the following information to answer the next question.The following items describe the responses of four individuals to a Bureau of Labor Statistics (BLS) survey of employment.Mollie just graduated from college and is now looking for work. She has had three job interviews in the past month but still has not gotten a job offer.George used to work in an automotive assembly plant. He was laid off six months ago as the economy weakened. He expects to return to work in a few months when national economic conditions improve.Jeanette worked as an aircraft design engineer for a company that produces military aircraft until she lost her job last year when the Federal government cut defense spending. She has been looking for similar work for a year but no company seems interested in
her aircraft design skills.Ricardo lost his job last year when his company downsized and laid off middle-level managers. He tried to find another job for a year but was unsuccessful and quit looking for work. Which individual is frictionally unemployed? A. Mollie B. Ricardo C. Jeanette D. George
Suppose the economy is at a short-run equilibrium GDP that lies above potential GDP. Which of the following will occur because of the automatic mechanism adjusting the economy back to potential GDP?
A) Unemployment will decline. B) Output will increase. C) Prices will decline. D) Short-run aggregate supply will shift to the left.
Which of the following types of countries has experienced increasing inequality in recent decades?
A. Poor countries B. Rich countries C. Countries with low economic growth D. All of these have experienced increasing inequality.
When interest rates rise
A. borrowing costs decline, and total planned real expenditures increase. B. borrowing costs decline, and total planned real expenditures decline. C. borrowing costs increase, and total planned real expenditures decline. D. borrowing costs increase and total planned real expenditures increase.