If demand is perfectly elastic, then
A) demand and price are inversely related.
B) quantity demanded and price are inversely related.
C) the demand curve is a vertical line.
D) the demand curve is a horizontal line.
D
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Which of the following is(are) the main factor(s) spurring economic growth?
A. Improving technology. B. More and better capital. C. More and better labor. D. All of these cause economic growth.
Which of the following is not an important difference between privately-owned enterprises and government institutions?
A) Decision makers confront different sets of incentives. B) Different kinds of information are available to decision makers. C) Government has the generally acknowledged right to use coercion. D) Self-seeking motives are less characteristic of government employees.
The Fed does not have to go through the normal congressional appropriations process because
A) its expenses are very small. B) it was given enough funds at the time of its founding to provide for its expenses indefinitely. C) it is self financing. D) it is not part of the legislative branch of the federal government.
Each month, how many households does the U.S. Bureau of the Census survey in the Current Population Survey (CPS) in order to determine the unemployment rates?
a. About 140,000 households b. About 60,000 households c. About 140,000 businesses and government agencies d. About 60,000 businesses and government agencies