Refer to the information provided in Table 30.1 below to answer the question(s) that follow.
Table 30.1
Refer to Table 30.1. From 2014 to 2016 the real wage
A. rises.
B. falls.
C. stays the same.
D. rises then falls.
Answer: D
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GDP can be computed as the sum of
A) all sales that have taken place in an economy over a period of time. B) the total expenditures of consumers and business over a period of time. C) the total expenditures of consumption, investment, and government expenditure on goods and services over a period of time. D) the total expenditures of consumption, investment, government expenditure on goods and services, and net exports over a period of time.
Which of the following statements about a price system is TRUE? I. Prices ration goods and services. II. Prices indicate relative scarcity
A) I only B) II only C) Both I and II D) Neither I nor II
Which of the following statements about a political campaign is false?
A) Candidates often label their opponents as either "too far right" or "too far left." B) Candidates often call themselves "middle-of-the-roaders" rather than "right-wingers" or "left-wingers." C) Candidates often tend to talk about ends rather than means. D) Candidates often tend to talk in specific terms rather than general terms about what needs to be done.
A mixed strategy is most useful:
A. in simultaneous games. B. only when the outcome is random. C. in both sequential and simultaneous games. D. in sequential games.