About one worker in _____ is covered by a Cost of Living Adjustment Agreement (COLA).
A. two
B. four
C. seven
D. ten
B. four
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Refer to Table 8-28. Based on the table above, what is national income for this economy?
A) $1,950 billion B) $2,250 billion C) $2,950 billion D) $3,550 billion
Which of the following policy obstacles could occur because it is difficult to know how market participants will respond to specific prices?
A. Velocity problems. B. Implementation problems. C. Design problems. D. Goal conflicts.
Suppose the savings rate is 15 percent. For every dollar the government collects in tax revenue and spends on public goods and infrastructure, the net result will be _____.
(A) An increase in total investment by 85 cents. (B) A decrease in total investment by 15 cents. (C) An increase in total investment by 15 cents. (D) No change in the total investment.
The reason why the Industrial Revolution originated in Britain can be partly attributed to its:
A) command economy. B) well-developed market system. C) opposition to creative destruction. D) extractive institutions.