Administrative costs make small loans less profitable than large ones, other things equal
a. True
b. False
A
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A weakness that could be noted about the unemployment rate is that it
A) does not account for the underutilization of workers. B) considers marginally attached workers as unemployed. C) overestimates the number of part-time workers. D) does not count part-time workers. E) counts discouraged workers as employed.
If the U.S. can produce pizza for $5 each and barrels of beer for $25 each, and Germany can produce pizza for $7 each and barrels of beer for $21 each, then the U.S
A) a comparative advantage in the production of beer. B) an absolute advantage in the production of beer. C) a comparative advantage in the production of pizza. D) a comparative advantage in the production of beer and pizza.
Increased government spending and tax cuts characterize
A) contractionary fiscal policy. B) expansionary fiscal policy. C) expansionary monetary policy. D) deflationary policy. E) none of the above
"Gacy's can sell clothing at lower prices than Mimbel's because Gacy's owns their own building, but Mimbel's has to pay rent." This statement is
What will be an ideal response?