Both parties gain in a voluntary exchange
a. True
b. False
Indicate whether the statement is true or false
True
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If Sam does not have a job and is NOT looking for work, he is considered
A) unemployed and not in the labor force. B) not in the labor force. C) unemployed. D) unemployed and in the labor force.
What is property income?
What will be an ideal response?
Which of the following statements is not correct?
a. Private markets tend to over-produce products with negative externalities. b. Private markets tend to under-produce products with positive externalities. c. Private parties can bargain to efficient outcomes even in the presence of externalities. d. Private parties are usually more successful in achieving efficient outcomes than government policies in the presence of externalities.
A country reported nominal GDP of $115 billion in 2010 and $125 billion in 2009 . It also reported a GDP deflator of 85 in 2010 and 100 in 2009 . Between 2009 and 2010,
a. real output and the price level both rose. b. real output rose and the price level fell. c. real output fell and the price level rose. d. real output and the price level both fell.