Unemployment rates in what period were rather low by historical standards?
a. Unemployment rates in the late 1980s and into the mid-2000s were rather low by historical standards.
b. Unemployment rates in the late 1990s and into the mid-2000s were rather low by historical standards.
c. Unemployment rates in the late 1970s and into the mid-1980s were rather low by historical standards.
d. Unemployment rates in the late 1980s and into the mid-1990s were rather low by historical standards.
b. Unemployment rates in the late 1990s and into the mid-2000s were rather low by historical standards.
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The symbiotic relationship between mass production and mass consumption was best personified by
A. John D. Rockefeller. B. Andrew Carnegie. C. Henry Ford. D. John Deere.
Which of the following is excluded in the current account?
A. goods exports B. goods imports C. capital inflow and outflow D. net unilateral transfers
Refer to the above figure. Which of the following statements is TRUE?
A. Panel A represents an economy that has a lower level of technology than Panel B. B. In Panel A, equal amounts of Y must be given up to obtain equal increments of X while in Panel B increasingly greater amounts of Y must be given up to obtain equal increments of X. C. Opportunity costs do not apply to Panel A but apply to Panel B. D. Panel A does not represent an economy that is producing efficiently while Panel B does.
Refer to the information provided in Table 14.6 below to answer the question that follows. Table 14.6B's Strategy ?AdvertiseDon't Advertise??A's profit $150 millionA's profit $400 million?AdvertiseB's profit $150 millionB's profit $100 millionA's Strategy????Don'tA's profit $100 millionA's profit $200 million?AdvertiseB's profit $400 millionB's profit $200 millionRefer to Table 14.6. The result of this game is a prisoners' dilemma. In which of the following cases is it most likely that the firms will be able to overcome the prisoners' dilemma?
A. a single interaction B. government intervention C. repeated play D. when both firms follow a maximin strategy