Professor Cowen says that _______ is one of the biggest personal and social costs of a recession.
A. reduced savings
B. rising interest rates
C. unemployment
D. inflation
Ans: C. unemployment
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Which of the following would not be included in the expenditure category called investment expenditures?
A) a purchase of shares of preferred stock B) spending on new houses C) a purchase of a copy machine by FedEx Office D) the cars held in inventory on a local Ford dealer's lot
Is a typical person likely to gather more information when buying a new computer or when voting for a member of the U.S. Senate? Why?
What will be an ideal response?
The Social Security Fund is designed as
A) a pay-as-you-go system. B) an investment portfolio that individual contributors can make periodic payments into. C) an account that allows periodic withdrawals by contributors. D) an individual account with a federal reserve bank.
Refer to Figure 8.6. Curve 2 is Outdoor Equipment's A) marginal cost curve. B) average variable cost curve. C) average total cost curve. D) average fixed cost curve.