Technological change creates long-term hardships for workers with specialized skills
a. True
b. False
Indicate whether the statement is true or false
False
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Assume that the graphs show a competitive market for the product stated in the question below.
Select the graph above that best shows the change in the market following a tax placed on the suppliers in the market.
A. graph (1) B. graph (2) C. graph (3) D. graph (4)
Agreement between firms in an industry to set a certain price or to share a market is
a. a coordinating practice. b. a competitive practice. c. the substitution effect. d. a collusive practice.
The largest item in the government's poverty program is
a. cash aid b. medical benefits c. food stamps d. housing benefits e. jobs and training programs
Monetary policy pushed interest rates to historically low levels during 2002-2004, but was more restrictive during 2005-2006 . Economic analysis indicates that this policy
a. helped to smooth the ups and downs of the business cycle during this era. b. contributed to the boom and bust of the housing market, and thereby the instability of this era. c. contributed to the housing bust of 2002-2004, but helped to restore stability to the housing market in 2006-2008. d. helped to bring inflation under control during 2002-2004, and thereby established a foundation for a strong recovery during 2007-2010