Falling energy prices could explain rising labor productivity in the 1990s
A. and the 1980s.
B. and the 1970s.
C. but not the 1980s.
D. but not the 1970s.
Answer: C
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The tragedy of the commons is the tendency of a society to overuse and deplete open-access resources
Indicate whether the statement is true or false
Researchers estimate QALYs in a number of different ways. One popular approach is called:
a. the probability approach. b. the standard measure of well-being. c. the utility of life approach. d. the standard gamble. e. the QoL approach.
The question "why do national economies grow" would be a macroeconomic, rather than a microeconomic topic, because it
A. relates to the economy as a whole. B. studies a single market. C. considers the decisions of one industry. D. depends on the actions of suppliers.
It is difficult to empirically test alternative macroeconomic models against one another because
A. macroeconomic models are always expressed in scientific terms. B. macroeconomic models cannot be expressed in mathematical terms. C. macroeconomic models do not predict the same outcomes from policies. D. macroeconomic models differ in ways that are hard to standardize for.