Identify the correct statement from the following
a. Modern telecommunications turned cities like Omaha and Bangalore into new resources for the world.
b. Being only 10 hours away from most of the industrial world enabled Anchorage, Alaska to become the busiest cargo airport in the world.
c. Call centers in the U.S. set up shop in small towns to prevent large-scale migration to bigger cities.
d. Unless a city is in an advantageous location for conducting any form of business, it is difficult to boost its economy in today's world.
A
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When the "real" GDP falls, the rate of unemployment generally
A) equals the natural rate. B) decreases. C) increases. D) stays constant.
U.S. labor productivity slowed during the 1970s because of
i. increasing government taxes and regulations on production. ii. the necessity to cope with energy price increases. iii. inflation, which shortened the horizon over which businesses made their borrowing plans. A) i only B) ii only C) iii only D) Both i and ii E) i, ii, and iii
In Figure 22.2, which area represents total value to the smoker? 
A. 0BCQ* B. 0P*CQ* C. 0ACQ* D. BP*C
(Consider This) Unintended consequences leading to inefficient outcomes are more likely with government programs than in the private sector because:
A. in the private sector the invisible hand guides resources to their best uses when people strive for efficiency. B. government employees are systematically less competent than those in the private sector. C. government has no real motive in allocating resources efficiently. D. laws restrict government officials from considering effects of a policy outside the main objectives of the policy.