What happens to your purchasing power if inflation is less than you anticipated?
A) It decreases. B) It won't change much.
C) It increases. D) It devalues your net worth.
C
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The Clean Air Act is designed to restrict automobile emissions and reduce the external costs of air pollution. The economic analysis used to develop the Clean Air Act was:
A) normative. B) positive. C) macroeconomic. D) none of the above
If workers are changing jobs voluntarily and it takes a while for them to find new jobs, they are an example of
a. structural unemployment. b. frictional unemployment. c. technological unemployment. d. None of these.
Which of the following is true of an intermediate good? a. It is of no value to the seller
b. It is of no value to the buyer. c. It is purchased for household production. d. It helps produce another good. e. It is sold at a discounted price by firms.
The unemployment rate tells us:
A. what percentage of the labor force wants to work and can't find a job. B. who is currently unemployed. C. why the unemployed can't find work. D. the number of people who really don’t want to work.