The unemployment rate that is typically reported in the media is ________
A) based on a survey from 150,000 business establishments on weekly earnings, number of workers and hours worked
B) computed every three months
C) based on a survey of 60,000 households
D) reported by the Treasury Department
E) none of the above
C
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In order to demand a good, the buyer must:
a) Want the good very much. b) Think that the good has significant utility. c) Be aware of the opportunity costs. d) Be both willing and able to pay for it.
Since a large and a small wind turbine have the same installation, operating, and maintenance costs, but a large turbine has four times the generating capacity but costs less than three times as much as a small turbine, the wind power industry faces decreasing returns to scale.
Answer the following statement true (T) or false (F)
An increase in the money supply in the simple Keynesian model causes
A) income to fall. B) inventories to rise. C) interest rates to fall. D) investment to fall.
The Capper-Volstead Act of 1922 applied the Sherman Anti-Trust Act to farm cooperatives, preventing them from restricting output and fixing prices
Indicate whether the statement is true or false