If laborers become more efficient over time, and if Company X would want to expand production, it would
A) substitute capital for labor.
B) hire more laborers.
C) hire fewer laborers.
D) produce less product.
Answer: B
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In the United States, money supply is most commonly referred to as ________
A) M1 B) M2 C) M3 D) M4
The structural unemployment rate is 1.3 percent, the frictional unemployment rate is 2.1 percent, and the economy's current unemployment rate is 4.9 percent. The economy is in
A) a recessionary gap producing less than Natural Real GDP. B) an inflationary gap producing more than Natural Real GDP. C) long-run equilibrium. D) an inflationary gap producing Natural Real GDP. E) a recessionary gap producing more than Natural Real GDP.
In 2011, the overall obesity rate in the U.S. (as measured by BMI > 30) is over _____ percent, with rates reaching as high as _____ percent for African American women.
a. 20; 50 b. 30; 40 c. 30; 50 d. 20; 40
A perfect monopoly:
A. restricts output to maximize profits. B. has no competition at all. C. has complete market control. D. All of these statements are true.