Are jobs the key to economic progress and the achievement of high income levels?
What will be an ideal response?
No, the people must be employed in jobs where they are producing goods and services that are valued highly relative to cost.
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To avoid multiple counting in national income accounts, ________.
A. primary, intermediate, and final goods and services should be counted B. both final and intermediate goods and services should be counted C. only final goods and services should be counted D. intermediate goods and services should be counted
A consumption possibilities curve shows the combinations of two goods that can be consumed when a nation specializes in producing a particular good and trades with another nation
Indicate whether the statement is true or false
Which of the following would increase the demand for union labor?
A) increasing worker productivity B) increasing the demand for union made goods C) decreasing the demand for non-union-manufactured goods D) all of the above
The government's court case against Microsoft is an example of:
A. predatory pricing. B. antitrust enforcement. C. economic regulation. D. the regulatory dilemma.