Which of the following is NOT a positive statement?
A. The inflation rate for 2002 was 2.3 percent.
B. The federal government budget for 2004 is $2.2 trillion.
C. The national debt is too high.
D. The unemployment rate is 5.8 percent.
Answer: C
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An increase in the demand for music downloads indicates that more music downloads are
A. demanded because sellers are putting music downloads on sale. B. demanded because music download prices have decreased. C. demanded even if prices of music downloads stay the same. D. demanded because sellers are selling more music downloads.
How wages are determined is best described by
A. political and social forces (such as unions) only. B. economic factors only. C. government regulation only. D. economic factors, with strong influences by political and social forces (such as unions).
Consider a graph on which one good Y is on the vertical axis and the only other good X is on the horizontal axis
On this graph the income-consumption curve has a positive slope for low incomes, then it takes a zero slope for a higher income, and then it takes a negative slope for even higher incomes (the curve looks like an arc, first rising and then falling as income increases). This curve illustrates that, for all income levels, A) both X and Y are normal. B) only Y is normal. C) both X and Y are inferior. D) only X is normal.
Based on 2005 data what country is the worlds leading recycler?
a. Germany b. United States c. Japan d. Ireland e. Canada