If living standards in a country, as measured by output per person, decrease, then total output must have:
A. decreased more slowly than population decreased.
B. increased more slowly than population increased.
C. increased more rapidly than population increased.
D. increased at the same rate that population increased.
Answer: B
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Answer the following statement(s) true (T) or false (F)
1. A Paasche price index makes price changes seem better for the consumer than they really are. 2. A Laspeyres price index is based on the basket consumed in the later period.. 3. If the consumer has the same tax bill under a head tax as under an income tax, then the consumer will be indifferent between the two taxes. 4. If the consumer has the same tax bill under a head tax as under an income tax, then less leisure will be consumed under the head tax than under the income tax. 5. The cardinal utility approach has exactly the same implications as the indifference curve approach.
How does the natural unemployment rate change and what factors might make it change?
What will be an ideal response?
Which statement is true?
A. The largest merger in history involved Chase Manhattan Bank. B. There have been only two mergers in our entire history valued at over $15 billion. C. It is illegal under our antitrust laws for two firms in the same industry to merge. D. None of these statements are true.
The removal of legal barriers alone may not be sufficient to eliminate the pay gap between whites and blacks because the increased competition may not be able to overcome
A. customer preferences that lead employers to discriminate. B. the wide gap in pay. C. employer preferences to discriminate. D. employer preferences to discriminate and customer preferences that lead employers to discriminate.