Which is an example of the government command approach?
A. Fast-food franchise growth
B. Public schools
C. Private college education
D. The growth of community banks
Answer: B
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In a recession, cyclical unemployment:
A. exceeds the natural rate of unemployment. B. is falling. C. is rising. D. equals the natural rate of unemployment.
The direct costs in an economic evaluation include the all the following except:
a. reduced productivity at work. b. the cost of home remodeling to accommodate a physical handicap. c. hospitalization. d. medical devices. e. transportation to and from the physician's office.
The accompanying figure shows a single consumer's demand for ice cream at the student union.
The student union sells a total of 7,200 scoops of ice cream each week at a price of $2.00 per scoop. If every student who buys ice cream has the demand curve shown above, then there must be ________ students purchasing ice cream each week.
A. 1,500 B. 800 C. 1,200 D. 2,000
In the circular flow model of the market system, households:
A. Buy products and resources B. Sell products and resources C. Buy products and sell resources D. Sell products and buy resources