One of the keys to reducing poverty is
A. Government control of resources.
B. Increased economic growth.
C. The redistribution of existing incomes.
D. Increased population growth.
Answer: B
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The labor force divided by the working age population equals the:
A. participation rate. B. unemployment rate. C. population rate. D. employment rate.
What is a budget line? What does its slope indicate?
What will be an ideal response?
To be economically successful, the entrepreneur must
a. combine resources in a manner that increases their value. b. produce a good that consumers value less than the resources used to produce it. c. use only personal financial capital to avoid the interest payments that would have to be paid if the money is borrowed from the bank. d. transform or rearrange resources to maximize the entrepreneur's cost of production.
If businesses in general decide that they have overbuilt and so now have too much capital, their response to this would initially shift
a. aggregate demand right. b. aggregate demand left. c. aggregate supply right. d. aggregate supply left.