When women entered the workforce in greater numbers after World War II, this had its greatest impact on growth through which source?
A. An increase in the number of workers
B. Education
C. An increase in the productivity of workers
D. An increase in economic freedom
Answer: A
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The figure above shows one of Bob's indifference curves for CDs and books
a) Is the indifference curve steeper at point a or point b? b) What is Bob's marginal rate of substitution at point a? c) What is Bob's marginal rate of substitution at point b?
The Fed has announced that it plans to lower the rate of monetary growth from 10% per year to 2% per year. You would expect this announcement to directly
A) increase money demand, shifting the LM curve up and to the left. B) increase money demand, shifting the LM curve down and to the right. C) decrease money demand, shifting the LM curve up and to the left. D) decrease money demand, shifting the LM curve down and to the right.
Every year, the U.S. allows 500,000 people from developing countries to immigrate to the U.S. permanently, which means:
A. it has a lower rate of acceptance than admission rates to the most competitive U.S. colleges. B. there is a severe surplus, since 13.6 million apply to enter the U.S. C. many people resort to immigrating illegally. D. All of these statements are true.
If a resource is nonrenewable and we use 2 percent of its supply per year,
a. it will gradually be depleted b. its supply will be constant regardless of use because it has the nonrenewability property c. it will become renewable as its supply approaches zero d. it could never be depleted because 2 percent of a diminishing supply is an increasing amount e. it will decrease at a diminishing rate so that its supply will approach its initial quantity