A recession causes
a. transfer payments and corporate profits to increase
b. military spending and corporate profits to increase
c. unemployment to increase and transfer payments to decrease
d. transfer payments to increase and corporate profits to decrease
e. household income and government transfer payments to decrease
D
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Which of the following formulas is correct?
A) Net investment = gross investment + capital B) Net investment = gross investment - saving C) Net investment = gross investment - wealth D) Net investment = gross investment - depreciation E) Net investment = gross investment + depreciation
When an economy produces more houses and fewer typewriters, it is answering the ________ part of one of the two big economic questions
A) "what" B) "how" C) "where" D) "for whom"
________________ and ______________ are often found together in a market.
A. Monopolistic competition; oligopoly B. Perfect competition; oligopoly C. Monopoly; oligopoly D. Monopolistic competition; monopoly
Oil found underground in Texas is an example of:
a. labor. b. land or a natural resource. c. an entrepreneur. d. human capital. e. capital resource.