Approximately how much of the world's output does the United States produce?
A. 18 percent.
B. 5 percent.
C. 30 percent.
D. 12 percent.
Answer: A
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The demand for capital by a firm is based on the demand for the product that the capital produces. This relationship is referred to as
A. cost minimization. B. resource utilization. C. derived demand. D. product demand.
The function of the financial statement, which colleges ask parents to fill out to make their children eligible for tuition scholarships, is to
A) determine cases of genuine need. B) maintain the college's eligibility for federal assistance. C) permit the college to confine its aid to students who can make most effective use of the aid. D) provide information about the demand curves of potential customers.
In July 2008, a British pound could buy $2. By October 2008, a pound could buy $1.55. Over the four months, the
A) pound depreciated against the dollar. B) the real exchange rate did not change. C) pound appreciated against the dollar. D) the U.S. inflation rate increased.
Describe the major types of unemployment.
What will be an ideal response?