The growth rate of productivity is the most important determinant of material well-being in the short run
a. True
b. False
Indicate whether the statement is true or false
False
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When a major league baseball player's contract has expired, he can either sign a new contract with his current team or become a free agent and sign a contract to play with a different team
If adverse selection is a problem in the market for major league ball players, who do you think are more likely to be injured the season after they sign a new contract: players who re-sign with their current team or players who sign with a new team? Explain.
There are at least three exchange rates between every pair of national currencies
a. True b. False Indicate whether the statement is true or false
In recent years, what percentage of American families have derived income transfers from at least one government transfer program?
a. less than 20 percent b. approximately 53 percent c. approximately 62 percent d. nearly 75 percent
Which of the following domestically produced items is not included in GDP?
a. a bottle of shampoo b. a hairdryer c. a haircut d. All of the above are included in GDP.