Which one of the following statements is true?
A. Money flows from households to firms for resources.
B. Money flows from households to foreign economies for exports.
C. Money flows from government to firms for resources.
D. Money flows from firms to households for resources.
Answer: D
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The population is 1,000 million, the labor force is 750 million, and the number of unemployed is 30 million. What is the unemployment rate?
A) 4 percent B) 3 percent C) 10 percent D) 7.5 percent
In the late 1970s, ________ of all firms were less than a year old. In recent years, ________ were
A) about 40 percent; about 20 percent B) almost half; less than one-quarter C) less than 5 percent; more than 40 percent D) more than 15 percent; only about 8 percent
Based on the above table, as the production of pizza increases, the opportunity cost of pizza in terms of forgone cases of soda
A) increases. B) decreases. C) does not change. D) initially increases then decreases.
What is the formula for the government budget deficit? Why might it be appropriate for most governments, most of the time, to have a deficit (rather than surplus)?
What will be an ideal response?