If the unemployment rate increases from 4 percent to 10 percent, then the economy is mostly likely in a(n):
A. expansion.
B. aggregation.
C. recession.
D. boom.
Answer: C
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Governments can increase the consumption of a product that helps in reducing negative externalities by
A) subsidizing the purchase of the product. B) taxing the consumption of the product. C) assigning property rights to the producer of the product. D) taxing the production of the product.
Few nations belong to both the World Trade Organization and regional trading agreements.
Select whether the statement is true or false. A. True B. False
18% nominal rate expected inflation rate at 12% what is real interest rate?
What will be an ideal response?
There is much world concern over the deteriorating condition of the pyramids and other historical structures in Egypt. While people of all nations enjoy visiting these structures, there has been little financial support for preservation coming from within Egypt or from elsewhere. Economists would describe this as an example of
A. an externality. B. a public good. C. a free-rider problem. D. imperfect information.