As the economy nears the end of a recession, which of the following would we most likely see?
A) further decreases in consumer spending
B) falling wages relative to output prices
C) increased spending on capital goods by firms
D) increasing interest rates
C
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In the figure above, the number of unemployed workers is
A) 4,000. B) 3,000. C) 2,000. D) 5,000. E) zero.
Suppose a rise in the price of peaches from $5.50 to $6.50 per bushel decreases the quantity demanded from 12,500 to 11,500 bushels. The price elasticity of demand is
A) 0.5. B) 1.0. C) 2.0. D) 1000.0.
Stephen R. Covey's book The 7 Habits of Highly Effective People has as the final 7th Habit the following:
a. Sharpen the saw b. Be proactive c. Synergize d. Think win-win
The European Union started out as a
A) regional trade agreement. B) union of nations with identical currency. C) union of nations where the same language was spoken. D) union of nations with identical tariffs.