The high school graduation rate ________ between 1950 and 2000.
A. rose dramatically
B. rapidly vacillated
C. fell dramatically
D. stayed relatively constant
Answer: A
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Suppose Mexico's real GDP per person in 2008 is $6,000 and the U.S. real GDP per person is $24,000. Mexico has annual growth in real GDP per person of 5 percent
Approximately how many years will it take Mexico to equal $24,000 of real GDP per person? A) 14 years B) 18 years C) 28 years D) 36 years E) 40 years
According to the following information, what is the unemployment rate? Number of Employed: 800 Number of Unemployed: 200 Not in the Labor Force: 50
a. 6% b. 19% c. 20% d. 28%
In which of the following models of firm behavior do firms make strategic pricing decisions and also charge a perfectly competitive price?
A. Contestable market model of oligopoly B. Monopoly model C. Perfectly competitive model D. Cartel model of oligopoly
The Internet has made it possible to compare lots of prices without incurring a lot of cost. If Internet access is unequally distributed throughout the population one would expect
A) consumers with Internet access to pay a higher price. B) consumers without Internet access to pay a lower price. C) price discrimination against consumers without Internet access. D) firms to charge the same price to all consumers.