Which of the following is an important cause of inflation in an economy?
a. increases in productivity in the economy
b. the influence of positive externalities on the economy
c. lack of property rights in the economy
d. growth in the quantity of money in the economy
d
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You are running a small yard maintenance business for the summer. What do you expect to happen to the number of yards you can maintain in a day as you add workers if you don't purchase more capital equipment (like mowers and leaf blowers)?
What will be an ideal response?
Persons who do not hold a job and are not actively seeking work are considered: a. out of the labor force
b. unemployable, and not counted in official statistics. c. underemployed. d. unemployed.
Andy is offered the following two income scenarios: (1) earn $10,000 the first year, $12,000 the second year, and $15,000 the third year or (2) earn $15,000 the first year, $12,000 the second year, and $10,000 the third year. Which is the rational option?
A. Option 1 B. Option 2 C. Neither even though option 2 is better than option 1. D. Neither; the options are the same.
Refer to the information provided in Figure 6.3 below to answer the question(s) that follow.
Figure 6.3Refer to Figure 6.3. Molly?s budget constraint is AD. It would swivel to AB if the price of
A. CDs increased. B. DVDs decreased. C. DVDs increased. D. CDs decreased.