From December 2007 to December? 2010, the BLS initially reported that employment
What will be an ideal response?
losses were signifacntly less than they actually were.
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A price ceiling set below the equilibrium price causes a shortage in the market
a. True b. False Indicate whether the statement is true or false
Explain what productive efficiency means. Describe how productive efficiency is represented by a PPF
Amanda buys a ruby for $330 for which she was willing to pay $340. The minimum acceptable price to the seller, Tony, was $140. Amanda experiences:
A. a consumer surplus of $10 and Tony experiences a producer surplus of $190. B. a producer surplus of $200 and Tony experiences a consumer surplus of $10. C. a consumer surplus of $670 and Tony experiences a producer surplus of $200. D. a producer surplus of $10 and Tony experiences a consumer surplus of $190.
The present value of a future amount of money will be greater the:
A. greater the interest rate. B. greater the amount of time before the future payment is received. C. lower the interest rate. D. greater the rate of the expected rate of inflation.