When the economy experiences sustained economic expansion, the percent of the population who are unemployed 27 weeks of longer:
A. decreases.
B. increases.
C. may increase or decrease.
D. does not change.
Answer: A
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According to Revealed Preferences, if a Consumer chooses a more expensive bundle of goods over a cheaper bundle of goods, we can conclude
A) the consumer prefers the more expensive bundle of goods. B) the consumer is behaving irrationally. C) the consumer is unaware of the cheaper bundle of goods. D) the consumer has convex preferences.
Which of the following factors contribute to economic growth?
a. growth in physical capital b. technological advances c. an increase in the productivity of labor d. all of the above
Which of the following represents a legal? body, separate from any? individual, that can possess property and conduct? business?
A. Corporation B. Sole proprietorship C. Limited liability company D. Master limited partnership E. Partnership
A depreciation in a country's currency will immediately reduce its trade deficit.
Answer the following statement true (T) or false (F)