Employment tends to be
A) procyclical and less variable than real GDP.
B) procyclical and more variable than real GDP.
C) countercyclical and less variable than real GDP.
D) countercyclical and more variable than real GDP.
A
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The owner of a proprietorship has ________ liability and ________ required to use all of his or her entire wealth to pay for the firm's losses
A) limited; might be B) limited; is not C) unlimited; might be D) unlimited; is not
Jamal maximizes utility by allocating his time among leisure, market work, and household work so that
a. expected marginal utility is equal among all three b. expected total utility per hour is equal among all three c. expected marginal utility per hour is equal among all three d. the maximum amount of goods and services can be acquired e. expected total utility of each use is equal
What is the motivating force behind the free market?
a) competition b) the invisible hand c) self-interest d) Specialization
Refer to the information provided in Table 33.3 below to answer the question(s) that follow. Table 33.3
Refer to Table 33.3. If the exchange rate is $1 = 3 euros, then
A. the United States will import both raspberries and chocolate. B. the United States will import chocolate and Belgium will import raspberries. C. the United States will import raspberries and Belgium will import chocolate. D. Belgium will import both raspberries and chocolate.