A decrease in the price of domestically produced nuclear reactors will be reflected in
a. both the GDP deflator and the consumer price index.
b. neither the GDP deflator nor the consumer price index.
c. the GDP deflator but not in the consumer price index.
d. the consumer price index but not in the GDP deflator.
c
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As technology advancements have led to more white collar jobs,
A) the labor force participation rate for women has increased over the last 50 years. B) the labor force participation rate for women has decreased since 1960. C) the labor force participation rate for men and women have increased. D) a higher percentage of men of working age have entered the labor force. E) the unemployment rate has steadily fallen.
If the accounting profit equals $200,000 and implicit costs equal $40,000, the economic profit equals
a. $240,000. b. $200,000. c. $160,000. d. $40,000.
If there is excess supply
What will be an ideal response?
Factors that impede the attainment of economic efficiency in the public sector are called:
A. market failures. B. externalities. C. government failures. D. voting irregularities.