In a growing economy, it is possible to eliminate
A. absolute poverty.
B. either absolute nor relative poverty.
C. both absolute and relative poverty.
D. relative poverty.
Answer: A
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Few countries have a higher GDP per capita than the weighted average of Canada, Mexico and the U.S
Indicate whether the statement is true or false
A jurisdictional dispute is a
A) strike by a union in sympathy with another union's strike or cause. B) dispute involving two or more unions over which should have control of a particular jurisdiction. C) business enterprise in which employees must belong to the union before they can be hired and must remain in the union after they are hired. D) legal environment in which businesses may hire nonunion members conditional on their joining the union by some specified date after employment begins.
Mitt Romney argued in a debate with President Obama that the economy had grown more slowly in each year of the President's term than in the year prior to Obama’s presidency. This claim is most related to the field of:
A. microeconomics. B. public policy. C. macroeconomics. D. financial economics.
A profit-maximizing firm will base its supply decisions on its marginal:
a. private cost. b. social cost. c. external cost. d. transactions cost.