A graph shows the wage rate of factory workers. The slope of the line is positive for periods when the wage rate is
A) low and falling.
B) high and not changing.
C) rising.
D) high and falling.
E) falling.
C
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Approximately what percentage of the world's extinct species became extinct before humans appeared on earth?
A) 1 percent B) 10 percent C) 20 percent D) more than 99 percent
Technology or production processes developed in a particular country:
A. may give that country a temporary comparative advantage. B. may set that country back until they earn back the research and development costs. C. will give that country a permanent comparative advantage. D. generally are not transferrable to other nations.
In order for a recession to occur real GDP would have to fall for at least _____ business quarter(s).
A. one B. two C. three D. four
When diamonds are mined in conflict or war-torn areas, there is:
A. Minimal profit or loss B. Minimal waste of this resource C. Strong incentive for conservation D. Strong incentive for over-mining