To take full advantage of earning compound interest income you should start saving
A) after you have purchased the nice car you have always wanted.
B) as soon as you get a higher paying job.
C) three years from now.
D) now.
D) now.
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Tariffs and import quotas differ in that
A) one is a form of trade restriction, while the other is not. B) one is a tax, while the other is a limit. C) one is imposed by the government, while the other is imposed by the private sector. D) one is legal, while the other is not.
Suppose the working-age population of a fictional economy falls into the following categories: 90 are retired or homemakers; 60 have full-time employment; 20 have part-time employment; 20 do not have employment, but are actively looking for
employment; and 10 would like employment but do not have employment and are not actively looking for employment. The official unemployment rate as calculated by the U.S. Bureau of Labor would equal A) (30/80 ) × 100. B) (20/60 ) × 100. C) (20/100 ) × 100. D) (20/80 ) × 100.
Society benefits from monopolistic competition because the firms are allocatively efficient
a. True b. False Indicate whether the statement is true or false
The market for corn in Kansas is considered to be competitive. This means there are ________ buyers and ________ sellers of corn in Kansas.
Fill in the blank(s) with the appropriate word(s).