A demand curve shows the relationship between price and
a. income.
b. quantity demanded.
c. production.
d. income and quantity demanded.
b
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Using a graph, show the effects of a weaker dollar on the economy. Explain
What will be an ideal response?
A natural monopoly, left to itself,
a. will take over other industries b. will produce the quantity that minimizes long-run average total cost c. will produce the quantity that minimizes marginal cost d. will produce an inefficient level of output e. will charge an inefficiently low price
The total labor force is 100,000 out of a possible working age population of 160,000. The total number of unemployed is 8,000. What is the unemployment rate?
A. 7 percent B. 6 percent C. 5 percent D. 8 percent
Which nation achieved the ideal communist society as described by Marx?
A. Castro's Cuba B. Mao's China C. Stalin's Soviet Union D. No nation has achieved Marx's vision of communist society.