Which of the following is one of the macroeconomic goals established by the 1946 Employment Act?
A. Providing an economic environment conducive to growth
B. Maintaining a constant level of consumer expenditure
C. Preventing large fluctuations in exchange rates
D. Ensuring that employers pay workers a minimum wage sufficient to escape poverty
Answer: A
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A grocery store with few choices is found is most likely found in a nation with a market economy
a. true b. false
As a result of the Boston Red Sox's winning the 2007 World Series, it was expected that
A. the demand for Red Sox's tickets would rise in 2008. B. the demand for Red Sox's tickets would fall in 2008. C. the supply for Red Sox's tickets would rise in 2008. D. the supply for Red Sox's tickets would fall in 2008.
A shipping company can buy either a new truck or a used truck. Each truck will generate $4,000 in net revenue per year. But the new truck has a useful life of three years, whereas the used truck has a useful life of only two years. If the interest rate is 5 percent (0.05) per year, what is the difference in value between the two trucks? (Assume that each year's revenue is received at the end of
the year.) a. $0 b. $4,000.00 c. $3,455.35 d. $1,185.19 e. $8,000.00
Most countries export and import goods, not services
Indicate whether the statement is true or false