The economy has gone into a recession. You have majored in computer science and, because of the recession, have difficulty in finding a job. Should you go back to school and get a second major?
A) No, the recession will have no impact on my ability to get a job or my future income.
B) Yes, the recession will lower income in my field permanently.
C) No, the recession will most likely be short-lived and I can get a job after it is over.
D) Yes, the recession will ensure that you will never find a job as a programmer.
C
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According to the book, the characteristic way an individual or family manages resources is shaped by 5 forces, which of the following is not one of them
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Suppose consumers spent $42 million on Christmas trees last year when the average tree cost $30 and this year spent $42 million when the average tree costs $25 . Assuming nothing else changed, this data suggests that
a. consumers bought the same number of Christmas trees this year as last year b. the price of Christmas trees stayed the same c. total revenues to tree producers rose this year d. the demand for trees is unit elastic e. the demand for trees is inelastic
An economy recently had 800 billion euros of saving and 600 billion euros of net capital outflow. What was its investment? What was its quantity of loanable funds supplied?
In the above graph, what is the marginal rate of technical substitution at point D?
A. greater than 1.5 B. less than 2.5 C. less than 1.5 D. greater than 2.5