Studying which of the following is helpful in learning to think like an economist?
a. theory
b. case studies.
c. examples of economics in the news.
d. all of the above.
d
You might also like to view...
In the Keynesian model an expansionary gap will develop if there is:
A. too much spending. B. too little spending. C. stabilization policy. D. an increase in average labor productivity.
Which of the following would be an example of FDI?
A) A Brazilian investor buys German government bond. B) An American buys a new Swedish car. C) An Italian firm builds a plant in Nebraska. D) A Canadian investor buys a French equity.
If a change in the price of a good results in no change in total revenue, then
a. the demand for the good must be elastic. b. the demand for the good must be inelastic. c. the demand for the good must be unit elastic. d. buyers must not respond very much to a change in price.
In calculating the unemployment rate, "discouraged" workers who are not actively seeking employment are:
A. Excluded from the labor force B. Included as part of the unemployed C. Treated the same as part-time workers D. Used to determine the size of the labor force