That an increasing number of jobs that do not pay enough to subsist on is ____ theory of poverty.
A. a conservative
B. a liberal
C. both a liberal and a conservative
D. neither a liberal nor a conservative
B. a liberal
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In the above figure, how many bushels of corn are produced at point "a"?
A) 10,000 B) 2,500 C) 1,000 D) 0
In constructing a production possibilities curve, all of the following are assumed EXCEPT
A. the time period involved is fixed. B. resources are fully employed. C. the quantity and quality of resources being used is fixed. D. the state of technology is improving.
The actual budget deficit of the federal government in 2009 was about $1.4 trillion. On the basis of this information, it:
A. can be concluded that the economy was faced with serious inflation in 2009. B. cannot be determined whether the government engaged in expansionary or contractionary fiscal policy in 2009. C. can be concluded that fiscal policy was contractionary in 2009. D. can be concluded that fiscal policy was expansionary in 2009.
Singapore had a GDP per capita of $395 in 1960, and $52,918 in 2013. The U.S had a GDP per capita of $2,881 in 1960 and $52,839 in 2013. Such a growth is referred to as:
A) instant growth. B) disguised growth. C) catch-up growth. D) sustained growth.