The Endangered Species Act has
A) caused a loss of economic activities on some private land.
B) saved all endangered species without affecting anyone.
C) further reduced the number of endangered species.
D) had no impact on either the number of endangered species or other economic activities.
Answer: A
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The calculation of potential output in the United States has been complicated recently by problems in
a. calculating unemployment. b. distinguishing real from nominal income. c. calculating a high-employment, or long-run average, level unemployment rate. d. measuring depreciation and, therefore, net national product.
The 45-degree line used in a consumption function represents:
a. the saving function. b. all points at which saving equals disposable income. c. all points at which consumption equals saving. d. all points at which all disposable income is consumed. e. the aggregate income of the economy.
The primary goal of economics is to help people make money
a. True b. False Indicate whether the statement is true or false
If a worker was miscategorized as structurally unemployed when he was really frictionally unemployed, that would not change the natural rate of unemployment
a. True b. False Indicate whether the statement is true or false