Checking accounts are included in
A) certificates of deposit.
B) currency.
C) lines of credit.
D) M1.
D
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In 2015, health care's share of gross domestic product in the United States
A) had declined to only 6.5 percent. B) had returned to its 1995 level. C) was almost than three times as high as it was in 1965. D) reached a level of 75 percent.
The type of unemployment for which the net economic costs are most likely to be small is
A) cyclical unemployment. B) chronic unemployment. C) frictional unemployment. D) structural unemployment.
In the short run, suppose average total cost is a straight line and marginal cost is positive and constant. Then, we know that fixed costs must:
A) be declining with output. B) be positive. C) equal zero. D) We do not have enough information to answer this question.
Scarcity is a concept that does not apply to
A. human wants. B. natural resources. C. land. D. machinery.