If a straight line crosses the Y-axis at 5 and crosses the X-axis at 10, we can conclude that the slope of the line is
A. positive.
B. zero.
C. infinity.
D. negative.
Answer: D
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One way the government can boost the economy out of a recession is:
A. with public announcements telling the public to save their money. B. by increasing government spending. C. by setting price ceilings on most goods so people can afford them. D. None of these will help an economy in recession.
Judging from the table, which of the following groups is the largest?
a. discouraged workers
b. persons unemployed 15 weeks or longer
c. marginally attached workers
d. persons employed part time for economic reasons
A tradable allowance is:
A. the minimum amount set by the government that can be bought or sold in a market. B. the permitted price for the trade of a particular good. C. a production or consumption quota that can be bought or sold. D. None of these statements is true.
Focal point equilibria are consistent with:
A. a nonmarket economy. B. the "you get what you pay for" rule. C. rational choice theory. D. the "follow the leader" rule.