Refer to the information provided in Figure 31.2 below to answer the question(s) that follow.
Figure 31.2Refer to Figure 31.2. The highest unemployment rate occurs when the economy is at Point ________.
A. A
B. B
C. C
D. D
Answer: A
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The United States produces both automobiles and computers more efficiently than Mexico. Nevertheless, it is possible that both nations would benefit from trade in these items. The reason for this is
a. the law of comparative advantage. b. the inflation-unemployment trade-off. c. externalities. d. the cost disease of personal services. e. attempts to repeal the law of supply and demand.
List two of the three types of fiscal programs that the President and Congress emphasized in response to the 2008-2009 recession
Most studies of mineral abundance have assumed that
a. Resources are relatively smoothly distributed in the earth's crust b. Resources are unevenly distributed in the earth's crust c. Resource prices will continue to rise in the near future d. Economically recoverable reserves will decrease in the near future e. The economic supply of resources will remain fixed
While Africa has the largest numbers of working children, Asia has the highest proportion of working children, with an estimated one in four employed
Indicate whether the statement is true or false