The main reason that the United States has such a high standard of living is
A) low unemployment.
B) high average labor productivity.
C) low inflation.
D) high government budget deficits.
B
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A) Money B) A convenient way to borrow money C) A bond D) A convenient way to sell a bond
Labor force participation is similar for males ages 25-64 with different levels of education completed
Indicate whether the statement is true or false
Supply-side tax cuts are more likely to have the intended beneficial effect on
a. budget deficits. b. consumer spending. c. investment spending. d. net exports.
The figure below shows a situation where the producers of Good X are forming an international cartel. Here, MR = Marginal Revenue, and MC = Marginal Cost. The cartel will set a monopoly price for its output.
At the perfectly competitive quantity, the cartel would see that
A. MR < MC. B. MR = MC. C. P < MR. D. MR > MC.