Which of the following is a true statement about factors relating to productivity growth in the last decade?
A. Information technology changes have had little measurable impact on U.S GDP growth
B. Average world productivity growth has exceeded U.S. productivity growth
C. United States productivity growth has exceeded average productivity growth in the rest of the world
D. European labor markets are more flexible than U.S labor markets
Answer: C. United States productivity growth has exceeded average productivity growth in the rest of the world
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The term "direct relationship" means the same as
A) correlation. B) trend. C) positive relationship. D) negative relationship.
Suppose the GDP implicit price deflator was 112.7 in 2013 and 116.0 in 2014. Therefore, the inflation rate in 2014 would be
A) 2.8%. B) 2.9%. C) 3.3%. D) 16%.
If a goat bites a visitor at a petting zoo, the owner would be covered by
a. Workers' compensation b. Property insurance c. Renter's insurance d. None of the above
A "bad choice" as defined in choice architecture is a choice that:
A. policymakers consider not optimal for society, despite individual choosers' benefits. B. policymakers want to nudge participants away from. C. is considered not optimal by the choice architect. D. is one that the chooser will regret later.