The slave gang system increased labor productivity by encouraging members of a slave gang system to specialize in performing assigned tasks and working in rhythm

Indicate whether the statement is true or false


True

Economics

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Nominal GDP, PY, is $7.5 trillion. The quantity of money is $3 trillion. The velocity of circulation is

A) 22.5. B) 10.5. C) 2.5. D) 3.

Economics

Excise taxes are distortionary taxes.

A. True B. False C. Uncertain

Economics

One of the most serious weaknesses in the Medicare system is that

a. patients are not able to choose their own physicians. b. the definition of an episode of illness is too restrictive. c. it provides poor insurance coverage for unusually long hospital stays. d. patients must pay a deductible every time they enter the hospital. e. Part B is voluntary.

Economics

If the United States decides to trade with Yemen, we know that

a. Yemen will benefit, but trade with a less developed country could not benefit the United States. b. it will not benefit Yemen because workers in the United States are more productive. c. Yemen and the United States can both benefit. d. it will not benefit either country because their cultural differences are too vast.

Economics