In the United States, ________ percent of all firms are sole proprietorships
A) 4
B) 14
C) 72
D) 82
Answer: C
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The purpose of the statistical discrepancy line item is to ______.
a. obtain a net balance of zero dollars for the unilateral transfers b. sum the difference between service exports and service imports c. obtain a net balance of zero dollars for the balance of payments d. ensure that the financial account balance is zero dollars
Many economists are critical of the minimum wage because they believe that it:
A. hurts the efforts of labor unions. B. reduces the number of available job opportunities. C. conflicts with policies designed to equalize the distribution of income. D. causes labor shortages in affected markets.
As the capital stock reduces , we would expect the long-run aggregate supply curve to
A. shift right. B. remain the same. C. shift left. D. first shift right, then shift left.
We use a two-period model because
A) the business cycle has two phases: contraction and recovery. B) it is the simplest dynamic model. C) we want to make a distinction between young and old households. D) this is the horizon of the politicians that formulate policy.