In 2012, Ben Bernanke expressed which concern about persistently high unemployment?
A) It would result in high inflation.
B) It would result in structural damage to the economy that would last for years.
C) It would never decline to desired levels.
D) It would cost him his job.
B
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Hurricane victims in the United States are likely to receive emergency relief aid and embark upon reconstruction more rapidly than similar victims in India because
A) U.S. victims typically need the resources more than the victims in India. B) the U.S. economy has a more clearly defined set of property rights compared to the Indian economy. C) people in the U.S. are typically more charitable than people in India. D) the global economy is too dependent on the U.S. to let it falter.
When single-input producer choice sets are non-convex, the first order condition of the profit maximization problem is neither necessary nor sufficient for identifying the profit maximizing production plan.
Answer the following statement true (T) or false (F)
Which of the following annual real GDP growth rates would be needed just to maintain output per capita in the United States?
a. 10.0 percent b. 2.5 percent c. 1.0 percent d. 7.0 percent e. 3.5 percent
Recycling in the United States in recent years
a. has decreased in spite of increased rates for common recycling materials. b. has remained unchanged, and increased raes for recycling may help. c. has increased with increased rates for recycling mterials. d. has increased with no help from increased fees for recycling materials.