Which of the following is true of The Stigma of the Newcomer?
A. It is less common today than it was several generations ago.
B. It is more relevant today because neighbors do not know each other well.
C. It would be more likely to occur in New York City than in a rural community in Iowa.
D. It relates to the introduction of new technology so none of the answers are correct.
Answer: A
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According to Nobel Laureate, Amartya Sen, which of the following measures should not be included in a balanced scorecard for economic growth?
a. Wide-spread access to basic life-sustaining amenities. b. Freedom to pick from a wide range of social and economic choices. c. Better self-esteem through higher standards of living. d. Currency appreciation due to balance of payments surpluses. e. All the above are proper measures in the balanced scorecard approach to growth.
Suppose you are in charge of setting prices at a local ice cream shop. The business needs to increase its total revenue, and your job is on the line. You evaluate the data and determine that the price elasticity of demand for ice cream at your shop is 1.8 . You should
a. increase the price of ice cream. b. decrease the price of ice cream. c. decrease the cost of operating the ice cream shop. d. increase the price of bottled water also sold at the ice cream shop because its price elasticity of demand is 1.2.
The short-run aggregate supply curve (SRAS) is the amount of real GDP: ?
A. produced at various price levels. B. ?produced at various savings rate levels. C. purchased at various price levels. D. ?purchased at various saving rate levels.
Apple is an American company, but its iPhones are assembled in China. The sale of each iPhone then is counted in US GDP as:
A. consumption. B. an export. C. investment. D. an import.