Only one out of five families that fall into poverty in one year are out of poverty in the following year
Indicate whether the statement is true or false
F
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Two methods of measuring GDP are
A) the income approach and the expenditure approach. B) the income approach and the receipts approach. C) the goods approach and the services approach. D) the saving approach and the investment approach.
In economics, what term is used to refer to having a lower opportunity cost than other producers?
a. effective exchange b. negative incentive c. comparative advantage d. comparable worth
All of the following are examples of goods for which external costs commonly exist EXCEPT
A. oil transportation. B. cigarettes. C. vaccinations. D. automobiles.
Using the Keynesian model, the effect of a government-imposed ceiling on interest rates paid on personal checking accounts that is lower than the current market interest rate would be to cause ________ in the real interest rate and ________ in output in the short run.
A. an increase; a decrease B. a decrease; an increase C. a decrease; a decrease D. a decrease; no change