A person with two jobs is counted __________ in the household survey and __________ in the establishment survey
A) once; once
B) once; twice
C) twice; once
D) twice; twice
B
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Suppose the U.S. GDP growth rate is slower relative to other countries' GDP growth rates. This will
A) move the economy up along a stationary aggregate demand curve. B) shift the aggregate demand curve to the left. C) shift the aggregate demand curve to the right. D) move the economy down along a stationary aggregate demand curve.
If a market is controlled by one perfect price discriminator who is able to charge each consumer the highest price that consumer is willing to pay, the seller will produce output until the price paid by the last consumer is equal to the marginal cost
of making the good. That is, the price of the last good equals the marginal cost of making the good. If welfare is measured as consumer surplus plus producer surplus, compare this market structure to a competitive market in terms of efficiency and equity.
The problem of political instability has been greatest in which continent?
A. South America B. Europe C. Asia D. Africa
Choose the letter below that best represents the type of shift that would occur in the following situation in the United States: On October 24, 1929, the U.S. stock market crashed. By the end of the year, over $40 billion of wealth had vanished. (See Figure 8.6.)
A. A. B. B. C. C. D. D.