In the United States, (gross) investment has fluctuated between ________ of GNP in recent years
A) 2 and 12 percent
B) 11 and 22 percent
C) 22 and 32 percent
D) 32 and 42 percent
E) 42 and 52 percent
B
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If potential output exceeds actual output, the aggregate demand curve shifts downward over time
Indicate whether the statement is true or false
If marginal product is equal to average product, then total product is at a maximum
Indicate whether the statement is true or false
The Solo Coal Mine is the only employer in the small town of Way out there. The market supply of coal miners is Qs = 0.02W - 400 and Qd = 500 - 0.02W, where W is the annual wage of a coal miner and Q is the number of coal miners. What is the deadweight loss due to the monopsony in the coal miners market?
A. $27,778 B. $13,889 C. $41,667 D. $21,667
The goal of the Head Start program is to
a. offer comprehensive job training and skills enhancement programs for displaced workers b. give hungry families a chance to receive free government surplus foods c. enable farmers who are just starting a business the opportunity for low-interest loans to purchase equipment d. provide educational and social services to households with preschool children e. improve technological development so that U.S. companies can better compete internationally and hire more U.S. workers