The rate of job destruction rises during
A. expansions.
B. the Long Boom.
C. the Great Moderation.
D. recessions.
Answer: D
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Which of the following methods is not used to calculate GDP?
A. The sum of all the final goods and services produced by a country’s resources B. The sum of all factor payments plus depreciation and indirect business taxes C. The sum of all values added at each stage of production D. The sum of all spending on final goods and services
If the Palace Cinema can sell 200 tickets at $4 and 300 tickets at $3, our best estimate of the marginal revenue from sale of the 250th ticket is
A) $4. B) $3.50. C) $3. D) $1.
The price of dog collars has gone down, and all other variables have remained constant. This change can be shown graphically as a:
A. shift in the demand curve to the right. B. shift in the demand curve to the left. C. movement along the demand curve to the right. D. movement along the demand curve to the left.
____ experience higher rates of unemployment than do ____
a. Teenagers; adults b. Adult males; adult females c. Skilled workers; unskilled workers d. White males; Hispanic males