Refer to Table 20-6. Consider the following values of the consumer price index for 1996, 1997, and 1998: The inflation rate for 1997 was equal to
A) 1.2 percent. B) 2.0 percent. C) 2.5 percent. D) 4.0 percent.
C
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In the last two decades of the 20th century, developing countries as a whole have
a. grown more slowly than developed countries b. grown a bit more rapidly than developed countries c. grown much more rapidly than developed countries d. made very little progress e. none of the above
If the demand for a good increases, it is likely that the demand for the factors of production used as inputs will:
A. increase. B. stay the same. C. decrease. D. None of these statements is true.
Across the United States, fire departments are fighting with private companies over the right to respond to medical emergencies. Each side will fight harder the:
A. more inelastic the demand. B. less inelastic the demand. C. more elastic the supply. D. more elastic the demand.
In 2011, there were about _____ million union members in the United States
A. 8.4 B. 11.8 C. 14.8 D. 15.7