Positive economic analysis is supposed to be
A) true.
B) free of value judgments.
C) just and fair.
D) moral and honest.
B
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Since 1959 the fraction of persons below the poverty line has fallen
a. True b. False Indicate whether the statement is true or false
Someone who has the desire to work but has no exceptional abilities and has not acquired the skills necessary for a well-paying job is likely to escape poverty completely
a. True b. False Indicate whether the statement is true or false
Professional baseball teams in the United States use only wooden bats. If aluminum bats were permitted, the likely result would be a
a. shift in the supply curve for aluminum bats. b. shift in the supply curve for wooden bats. c. change in the quantity supplied of aluminum bats. d. persistent shortage of aluminum bats.
The inflation rate you are likely to hear on the nightly news is calculated from
a. the GDP deflator. b. the CPI. c. the Dow Jones Industrial Average. d. the unemployment rate.