The business sector in the United States has the most influence on
a. primary education.
b. on-the-job training.
c. teacher training.
d. higher education.
b
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An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
What is a production set?
Economics is the study of how
A. psychology influences preferences. B. people make choices. C. preferences are determined. D. people become selfish.
Money payments made by governments to individuals for which no services or goods are concurrently rendered are known as
A. government-inhibited payments. B. transfer payments. C. government-sponsored payments. D. black market payments.