From 2001 to 2015, the U.S. economy experienced three recessions.
Answer the following statement true (T) or false (F)
False
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Data on wages, education, and many other characteristics of the population that are available to anyone who wants to use them are called:
A) public-use data. B) primary data. C) secondary data. D) private-use data.
Boeing and Airbus have entered into a cartel agreement that will enable them to boost their profits. What occurs if Boeing decides to cheat on the agreement?
i. Boeing lowers the price of its airplanes. ii. The total industry output increases. iii. The total profits in the airplane industry will decrease. A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii
In the figure above, a point showing an inefficient production point is point
A) A. B) B. C) C. D) D.
State whether you agree with the following statement and why: "It doesn't make sense to give poor people cash since they'll spend it on cigarettes and lottery tickets instead of needed items."
What will be an ideal response?