Over the past several decades, the difference between the labor-force participation rates of men and women in the U.S. has gradually increased
a. True
b. False
Indicate whether the statement is true or false
False
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Is the cost of an all-volunteer army in the United States higher or lower than the cost of a conscripted (drafted) army?
A) Higher, unless the citizens are exceptionally patriotic B) Lower, unless the army is inefficiently managed C) Higher to taxpayers but lower to military personnel D) The same because the wage will move to the market-clearing level E) We cannot say without knowing the supply of and demand for military personnel.
The supply of Thai baht in the foreign exchange market originates with:
a. tourists who go on vacation to Thailand. b. the export of Thai oranges and other goods. c. Thai residents who wish to purchase goods from other countries. d. the Thai royal family. e. Thai central bank intervention to stop the peseta from depreciating.
If nominal GDP rises from $5 billion to $6 billion, when the GDP deflator goes from 100 to 130, real GDP a. rises
b. falls. c. stays the same. d. could either be rising or falling.
For the fall semester, you had to pay a nonrefundable fee of $600 for your meal plan, which gives you up to 150 meals. If you eat all of the meals, your average cost for a meal is:
A. $4. B. $0.25. C. $5. D. $6.