In the North American Industry Classification System (NAICS) classification system, the broadest classification would be:
A. a four-digit industry.
B. a two-digit industry.
C. a five-digit industry.
D. a three-digit industry.
Answer: B
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The critical factor in maintaining the value of the dollar is
A) confidence the supply of dollars will be limited. B) government budget deficits. C) government budget surpluses. D) the U.S. balance of international payments. E) vigorous economic competition.
Unlike a "service," a "good"
a. is desirable b. uses resources to satisfy wants c. is physical and tangible d. is abundant and free e. is a resource
Which of the following groups is most hurt by unanticipated inflation?
A. Workers with cost of living adjustment clauses in their labor contracts. B. Social Security recipients. C. Workers who sign new work agreements every day. D. Wealthy people who hold much cash in their wall safes.
An increase in aggregate demand will tend to cause which of the following?
A. a recessionary gap B. cost-push inflation C. a deflationary gap D. none of these