Which of the following describe the United States' unemployment rate over the last 80 years?
i. The unemployment rate has decreased each year since the Great Depression.
ii. The unemployment rate has averaged about 5.7 percent since 1929.
iii. Job creation due to defense spending and consumer spending in the 1960s drove the unemployment rate to one of its lowest level.
A) i and ii only
B) ii and iii only
C) i, ii and iii
D) i only
E) i and iii
B
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What do reports that the dollar is "undervalued" mean? How will foreign exchange markets respond to this information? Support your answer graphically
What will be an ideal response?
Which of the following is not a store of value?
a. Dollar bills. b. Credit card. c. Coins. d. Gold.
A tax that is imposed on each unit of an imported good is known as a(n)
a. quota b. ad valorem quota c. implicit quota d. tariff e. subsidy
Nothing raises the standard of living more than a greater
a. abundance of goods. b. effort of production. c. population. d. number of import tariffs. e. All of the above are true.