In the United States, a "buy American" act was passed in 1933 to create larger markets for domestic goods
a. True
b. False
Indicate whether the statement is true or false
True
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Lattes at Starbucks are allocated to individuals in society through what type of method?
A) lottery B) contest C) sharing equally D) market price E) personal characteristics
The slope of the total product curve is the
A) average product. B) slope of a line from the origin to the point. C) marginal product. D) marginal rate of technical substitution.
The Bureau of Labor Statistics' household survey and establishment survey both yield the same results about total employment
a. True b. False Indicate whether the statement is true or false
Ahmed is working and is spending more than he is earning by using his savings to make up the difference. Which of the following statements is TRUE?
A) Ahmed is in equilibrium since he pays all of his bills. B) Ahmed is in disequilibrium. C) By using savings Ahmed is using special drawing rights. D) By using savings Ahmed has caused the balance of payments to go into a deficit situation.