Common property often results in
A) a negative externality.
B) a social benefit.
C) a private cost.
D) exclusive rights of ownership.
A
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In the 2008-09 recession, the percentage of part-time workers due to economic reasons
A) rose to almost 18 percent. B) did not include teenagers. C) equalled the unemployment rate for those who are part-time workers due to non-economic reasons. D) decreased slightly over the period. E) doubled from 3 percent to 6 percent.
In 2014, South America had a lower average GDP per capita than any other continent
Indicate whether the statement is true or false
If aggregate demand shifts left, then in the short run
a. the price level and real GDP both rise. b. the price level rises and real GDP falls. c. the price level falls and real GDP rises. d. the price and real GDP both fall.
Arbitrage may not achieve purchasing power parity due to
a) trade costs B) dealer markups that vary between nations C) taxes on income D) high interest rates