Which is not considered to be an economic resource?
A. Tools and machinery
B. Money
C. Labor
D. Land (or other natural resources)
Answer: B
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What is the difference between a devaluation and a depreciation?
What will be an ideal response?
Which of the following is FALSE regarding unions?
A) The American Federation of Labor (AFL), composed of craft unions, was formed in 1886 under the leadership of Samuel Gompers. B) For a period after World War I the government temporarily stopped protecting labor's right to organize. C) During the Great Depression, legislation was passed that made collective bargaining illegal. D) The AFL and the CIO merged in 1955.
Budget lines: a. are typically positively sloped
b. are typically negatively sloped. c. often have the same slope as indifference curves. d. are generally horizontal.
Which of the following emphasizes government spending as a counter cyclical approach to create economic expansion?
a. Keynesian economics b. supply-side economics c. classical economics d. Say’s Law