Since 1990 the highest economic growth rates in the world have occurred in
A. India.
B. Nigeria.
C. China.
D. The United States.
Answer: C
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Ceteris paribus, if the U.S. dollar depreciated in relation to the Canadian dollar, which of the following would be true? a. U.S. goods would become less expensive to Canadian consumers
b. Canadian goods would become more expensive to Canadian consumers. c. U.S. goods would become less expensive to European consumers. d. all of the above
Why does the Bureau of Labor Statistics make an effort to specify the number of people who have been unemployed for 15 weeks or longer?
a. Only people who have been unemployed for 15 weeks or more are eligible to receive
unemployment benefits.
b. One of the criteria for being considered a marginally attached worker is being
unemployed for 15 weeks or less.
c. Unemployment for several months is much more serious threat to the economy than
unemployment for several weeks.
d. Workers usually stop looking for a job after 15 weeks, so the government begins to
consider them discouraged workers at this point.
What is the incentive problem in central planning?
Please provide the best answer for the statement.
Macroeconomics, as opposed to microeconomics, includes the study of what determines the
A) average price levels of goods and services in the economy. B) price charged for laptop computers by Dell. C) wages paid to employees by Dell. D) quantity of Dell employees.