Okun's law relates ________ to ________
A) inflation; unemployment
B) inflation; output
C) output; unemployment
D) output; employment
C
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In general, the term "ceteris paribus" means
A. all else equal B. holding everything else variable C. unsettled mathematical paradigms D. Both A and B
What do economists mean by "per capita GDP"?
a. The value of a country's production at current market prices. b. The value of a country's production adjusted for inflation. c. The value of a country's production divided by the country's population. d. The value of all paid and unpaid work in the country.
Monopolists can dictate the price or the quantity of the product they produce, but not both.
Answer the following statement true (T) or false (F)
One of the largest challenges with foreign aid today is:
A. severely diminishes some nations' ability to help their own citizens. B. raising enough of it to have any significant impact on the market. C. countries' overreliance on it removing incentives to better themselves. D. finding ways to ensure it is going to the best uses possible.