Economic growth has occurred if inflation rate between this year and last year is zero or less.
Answer the following statement(s) true (T) or false (F)
Answer: False
You might also like to view...
Suppose that in 2011, 3 million plasma TVs were purchased at $950 each, while in 2012, 4 million plasma TVs were purchased at $800 each. What might have caused this change?
A) There were fewer workers in plasma TV manufacturing. B) The price of LCD TVs (a substitute for plasma TVs) rose. C) The price of LCD TVs (a substitute for plasma TVs) fell. D) There was an advance in plasma TV manufacturing technology.
Lou and Alex live together and share household chores. They like to cook some meals ahead of time and eat leftovers. The table below shows the number of rooms they can each clean and the number of meals they can each cook in an hour. Rooms CleanedPer Hour Meals CookedPer HourLou54Alex33Which of the following is true?
A. Lou has a comparative advantage over Alex in cleaning. B. Lou has both an absolute advantage and a comparative advantage over Alex in both tasks. C. Alex has both an absolute advantage and a comparative advantage over Lou in both tasks. D. Alex has a comparative advantage over Lou in cleaning.
In the federal penitentiary at Lompoc, California, inmates used packages of mackerel to buy items such as haircuts at the prison barber shop and laundry services. What function do these packages of mackerel serve?
A) They functioned as money. B) They served as a corruption deterrent. C) They enabled prison officers to monitor illegal money flows. D) They forced prisoners to engage in barter.
measure of the price level that includes prices of the final goods and services included in GDP
What will be an ideal response?