Which of the following generation categories has the smallest population in the United States in 2017?
A) the millennials
B) generation X
C) the baby boomers
D) generation Y
Answer: C
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Income inequalities are greatest in
A. Poor countries such as Namibia. B. Developed countries such as Japan. C. Rich countries such as the United States. D. Countries with high levels of GDP.
Which of the following is one of the simplifying assumptions made in constructing a production possibilities curve?
A. The state of technology is constantly changing B. A wide variety of products are produced C. Resources are fully employed and are used in least-cost methods of production D. Quantities of available resources in the economy vary from one point to another
In the above figure, through which range would the demand for this good be most inelastic?
A. B-E B. G-H C. A-B D. E-F
The successor organization to GATT that handles trade disputes among its member nations is the
A. North American Free Trade Agreement. B. European Union. C. General Agreement on Tariffs and Trade. D. World Trade Organization.