Between 1992 and 1999, the employment rate for single mothers in the United States:
A. increased by 15 percentage points.
B. decreased by 19 percentage points.
C. remained fairly constant.
D. more than doubled.
Answer: A
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The net effect of a stronger dollar on real GDP is
A) an increase in the price level. B) dependent on whether the increase in aggregate supply is more or less than the decrease in aggregate demand. C) a decrease in real GDP. D) an increase in real GDP.
A budget-constrained public enterprise may behave quite differently when entry is barred than it would when new entry is allowed
Indicate whether the statement is true or false
Larry's Lunchcart is a small street vendor business. If Larry makes 15 pretzels in his first hour of business and incurs a total cost of $16.50, his average total cost per pretzel is
a. $1.10. b. $6.50. c. $15.00. d. $16.50.
Suppose that a college student receives an offer for a summer internship with a stock brokerage firm. Unfortunately for the student, the internship is unpaid. Is it ever economically beneficial to accept an unpaid job?
a. Yes, because the experience gained during the internship would increase the student's human capital. b. No, because the opportunity cost is too high. c. No, because the student is signaling to future employers that he or she is willing to accept low wages. d. Yes, because accepting an unpaid job signals to future employers that the student has stable personal finances.