The market price is
A. usually higher than the equilibrium price.
B. always easy to determine.
C. the typical price at which a good or service sells.
D. the exact price a product sells for at a specific time.
Answer: C
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Average labor productivity is determined by:
A. the number employed, unemployed, and the labor force participation rate. B. consumption, investment, government spending, and net exports. C. the real interest rate, the nominal interest rate, and the rate of inflation. D. the quantity and quality of human capital, physical capital, technology, natural resources, entrepreneurship, and the legal and political environment.
Circulating private bank notes
A) have never been used in the United States. B) were widely used in the Free Banking Era. C) were widely used in the United States during the Great Depression. D) are still currently in use in Canada.
Neoclassical economists consider changes in aggregate demand a useful tool for reducing unemployment
a. True b. False Indicate whether the statement is true or false
The largest exporter of goods and services in the world is
a) China b) European Union c) Japan d) Mexico e) Saudi Arabia