The principal economic cost of growth is:
A. higher interest rates
B. higher inflation rates
C. higher unemployment rates
D. consumption sacrificed for capital formation
Answer: D. consumption sacrificed for capital formation
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Production cannot occur without
a. saving b. government c. a market system d. low interest rates e. high interest rates
Megan is a landscaper. Which of the following are included in her physical capital?
a. her knowledge of landscaping learned in college and her landscaping equipment b. her knowledge of landscaping learned in college, but not her landscaping equipment c. her landscaping equipment, but not her knowledge of landscaping learned in college d. neither her knowledge of landscaping learned in college nor her landscaping equipment
Between 1990 and 2007 our trade deficit
A. decreased substantially. B. remained about the same. C. almost doubled. D. more than quadrupled.
Which of the following groups would NOT be considered as part of the civilian labor force?
A. those already employed B. full-time students who are not working or looking for work C. all individuals only working part-time D. those who are unemployed