Which statement is true?
A. it is easier to attain full employment than full production.
B. employment discrimination no longer exists in the U.S. labor market.
C. The United States is usually operating on the production possibilities frontier.
D. None of these statements are true.
A. it is easier to attain full employment than full production.
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The table above gives data for the nation of Pearl, a small island in the South Pacific. When the economy is at full employment the price level is
A) 150. B) 110. C) 130. D) 140. E) 120.
If the marginal propensity to consume (MPC) is 0.75, the value of the spending multiplier is:
a. 0. b. 1. c. 4. d. 5.
It is possible to analyze education decisions in a manner similar to the decision to acquire more
a. capital. b. leisure. c. work. d. goods and services.
Three of these are a condition for perfect competition.
a. Many buyers and sellers participate in the market. b. Sellers offer a wide variety of products. c. Buyers and sellers are well informed about products. d. Sellers are able to enter and exit the market freely.