Which single international issue draws considerable consensus among most people and governments around the world?
a. that more funds should be directed toward foreign aid
b. that global inequality should be reduced
c. that poverty should be combatted by globalization
d. that fair trade should be encouraged and expanded
b. that global inequality should be reduced
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Which of the following best describes the Employment Act of 1946?
(a) A piece of New Deal legislation that had to be postponed until after the war (b) An effort to stabilize the U.S. balance of payments as the world moved toward using the U.S. dollar as the main reserve currency (c) An attempt to reduce the overall extent of federal responsibility in the post-war national economy (d) All of the above
Dent 'n' Scratch Used Cars and Trucks employs 3 salesmen. Data for their sales last month are shown in this table: Cars SoldTrucks SoldLarry105Joe99Ralph312 Based on last month's data, ________ should specialize in truck sales, and ________ should specialize in car sales.
A. Larry; Joe B. Ralph; Larry C. Larry; Ralph D. Joe; Ralph
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD1 the result in the long run would be:
A. P4 and Y1. B. P4 and Y2. C. P5 and Y1. D. P5 and Y2.
Because a price ceiling causes:
A. a surplus, the outcome will be inefficient. B. a shortage, some form of rationing must occur. C. a surplus, some form of rationing must occur. D. a shortage, the outcome will be efficient.