A student that asks interesting questions during the lecture generates
A) positive externalities.
B) no externalities.
C) negative externalities.
D) an excludable good.
A
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The labor force includes
A) only the number of people employed. B) discouraged workers. C) only the number of people unemployed. D) both employed and unemployed workers.
Substitution bias in the CPI refers to the fact that the CPI
A) takes into account the substitution of goods by consumers when relative prices change. B) takes no account of the substitution of goods by consumers when relative prices change. C) substitutes quality changes whenever they occur without taking account of the cost of the quality changes. D) substitutes relative prices for absolute prices of goods.
Under a floating exchange-rate system, a country needs to pay more attention to the economic policies of the rest of the world
a. True b. False Indicate whether the statement is true or false
Distribution is a major question to be answered by any economic system
a. True b. False Indicate whether the statement is true or false