In the United States, the annual cost of property damage, injuries, and deaths from traffic collisions is about $300 billion.
Answer the following statement true (T) or false (F)
True
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Classical economists suggest that unemployment is a short-lived phenomenon because
A) wages adjust quickly to equilibrate quantity of labor demanded with quantity of labor supplied. B) wages remain unchanged when the quantity of labor demanded exceeds the quantity of labor supplied. C) wages remain unchanged when the quantity of labor supplied exceeds the quantity of labor demanded. D) wages tend to rise slowly when the quantity of labor demanded equals the quantity of labor supplied.
Writing in the Wall Street Journal in 2009, economist Jeremy Siegel argued that, in the years leading up to the financial crisis of 2008–2009,
a. financial firms acted in too risky a fashion. b. the Federal Reserves's efforts to rein in the risky behavior of certain financial firms were inadequate. c. falling house prices "crashed the banks and the economy.". d. All of the above are correct.
Which of the following would increase the old-age dependency ratio over the next 25 years?
A. Medical advances that extend the lives of people over the age of 50 B. An increase in the number of young immigrants C. An increase in the birthrate D. A reduction in Social Security taxes
Export-led development refers to the off-shoring of production.
a. true b. false