During a recession, the unemployment rate ________ and the percentage of part-time workers who are involuntary part-time workers ________
A) rises; rises
B) rises; falls
C) falls; rises
D) falls; falls
E) rises; does not change
A
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Fundraising efforts are often viewed as an attempt to use social pressure to discourage free riding and serve the outcome that will produce a public benefit
a. True b. False Indicate whether the statement is true or false
As long as the maximum buying price of a good is less than the minimum selling price of that good, an exchange will occur
Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. National income accounting is a uniform means of measuring economic performance. 2. Economists use the quantity produced to measure the value of goods and services for GDP. 3. GDP includes the value of new goods as well as used goods. 4. For the economy as a whole, expenditures must equal income. 5. (X – M) is a spending category for the expenditure approach.
If the price were $15, how much would the firm's output be in the short run?
