The European Union started out as a
A) regional trade agreement.
B) union of nations with identical currency.
C) union of nations where the same language was spoken.
D) union of nations with identical tariffs.
A
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Historically, government bonds have averaged a real return of about ________ percent, while a broad index of stocks generates a ________ percent return over the same period.
A. 7; 2 B. 2; 7 C. 12; 7 D. 7; 12
When production costs go_________________, the producer is usually able to produce more goods and services at each and every price in the market.
Fill in the blank(s) with the appropriate word(s).
Workers whose spells of unemployment are broken up by brief periods of employment or withdrawal from the labor force are referred to as ________ workers.
A. discouraged B. long-term unemployed C. short-term unemployed D. chronically unemployed
A large blast furnace is an example of an indivisible input that cannot be scaled down to reduce output.
Answer the following statement true (T) or false (F)