The real interest rate is:
A. adjusted for inflation.
B. the interest rate paid to savers.
C. the interest rate charged to borrowers.
D. the reported interest rate, not adjusted for inflation.
Answer: A
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The above figure shows the PPF for a country that produces computers and computer factories. Which of the following would most likely shift the PPF from PPF0 in one year to PPF1 in the next?
A) Nothing, because the PPF does not shift. B) Increase the production of computers from 9 million (at point C) to 11 million (at point B). C) Decrease the production of computers from 11 million (at point B) to 9 million (at point C) and build 9 new computer factories. D) Increase consumption of both computers and computer factories. E) Decrease production of both computers and computer factories by moving into the interior of the PPF.
Average total cost is equal to average variable cost minus average fixed cost
Indicate whether the statement is true or false
Since 1970, a sizable part of the growth of the U.S. labor force has been due to
a. increased immigration. b. the entry of more women into the labor force. c. a lower age limit for labor force membership. d. increased labor union membership.
About _____ percent of all Americans pay more in social security tax than in personal income tax.
Fill in the blank(s) with the appropriate word(s).