Which of the following would be considered a "leisure" activity by economists?
A. Driving an on-duty taxi.
B. Driving a bus for a city.
C. Driving to the movies.
D. Driving a forklift for work.
Answer: C
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In the table above, the unemployment rate is
A) 12 percent. B) 10 percent. C) 8 percent. D) 6 percent. E) 11 percent.
Explain how the government can help the economy avoid a coordination failure
What will be an ideal response?
With full information, any contract will lead to production efficiency
Indicate whether the statement is true or false
The Breton Woods System was an agreement that:
A. required each participating country to abolish all trade barriers. B. required each participating country to stay on the gold standard. C. standardized tariffs across all participating countries. D. required each participating country to peg their currency to the U.S. dollar.