Which component(s) of U.S. real GDP decreased in size relative to total U.S. real GDP from 1950 to 2000?
A. Only services.
B. Only manufacturing.
C. Agriculture and manufacturing.
D. Only agriculture.
Answer: C
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If monetary policy moves unemployment below its natural rate, both expected and actual inflation will rise
a. True b. False Indicate whether the statement is true or false
McDonald's Corporation lost a battle to keep a Singapore firm, Future Enterprises, from selling goods under the labels MacNoodles, MacTea, and MacChocolate. In this case, the court system in Singapore was defining:
A. property rights. B. globalization. C. limited liability. D. consumer sovereignty.
(Last Word) The inverse dependency ratio is defined as:
A. the number of people of working age divided by the number of dependents. B. the number of dependents divided by the number of people of working age. C. the number of seniors over age 65 divided by the number of youths under age 20. D. the number of youths under age 20 divided by the number of seniors over age 65.
When the government pays part of my university education, it is
A. internalizing an external cost. B. using direct regulation to discourage an external cost. C. using taxes to discourage an external cost. D. subsidizing an external benefit.