From the mid-1980s until late 2007, many world economies became less volatile because of
A. sound macroeconomic policies.
B. several structural change that made the economies more flexible.
C. good luck.
D. All of these responses are correct.
E. a through c only
Answer: D
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The figure shows the relationship between Moira's income and the quantity of macaroni that she demands. When income is less than $350 per month, macaroni ________
A) is an inferior good B) is a normal good C) has many substitutes D) has negative income elasticity
Labor-market regulations in developing countries
a. always reduce employment b. usually reduce employment c. may reduce employment, but the evidence is weak d. rarely reduce employment e. none of the above
The rule that states that the marginal revenue product equal to price does not hold when there are more than two inputs.
Answer the following statement true (T) or false (F)
To what extent are homemaking and child-rearing accounted for in the government's GDP accounts?
A) Not at all B) Only to the extent that they are provided for pay C) Only to the extent that taxes are paid on them D) All homemaking and child-rearing are accounted for