Currently ____________ people are enrolled in PreCheck and more than __________ more have PreCheck clearance through Global Entry, the Customs and Border Protection trusted-traveler program.
Fill in the blank(s) with the appropriate word(s).
Ans: 598,184, 1.3 million
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A nation's real GDP was $250 billion in 2014 and $265 billion in 2015. Its population was 120 million in 2014 and 125 million in 2015. What is its real GDP per capita in 2015?
A. $2,120 per person B. $212 per person C. $205 per person D. $21,200 per person
Holding other factors constant, if bad weather destroys the annual crop for carrots, it causes the supply curve for carrots to
a. Shift to the left, causing the prices of carrots to rise b. Shift to the left, causing the prices of carrots to fall c. Stay the same d. The supply curve does not shift. Only the demand curve shifts.
The Keynesian approach to fiscal policy calls for: a. budget deficits during periods of inflationary pressure. b. budget surpluses during periods of high unemployment. c. a balanced budget despite the state of the economy
d. tax cuts during recession. e. spending increases during inflation.
Related to the Economics in Practice on page 318: A company selling iced tea discovers that as sugar is added to tea, customers' opinions of the taste of the tea rises for the first few grams of sugar and then drops. Even so, the company chooses not to add the amount sugar that would result in the best-tasting tea. Which of the following would explain why adding less sugar could be a wise decision?
A. Teas with less sugar are more likely to appeal to health-conscious consumers. B. Many products in the cold drink market are sold with substitutes for sugar, such as high fructose corn syrup. C. Manufacturers of tea are required to clearly indicate the amount of sugar in their products. D. The price of sugar added to tea is much less significant than the price of other ingredients, such as tea leaves.