During the last two or three decades, the educational and career choices of women have become
a. more like those of men, and the earnings of women have declined relative to those of men.
b. more like those of men, and the earnings of women have increased relative to those of men.
c. less like those of men, and the earnings of women have increased relative to those of men.
d. less like those of men, and the earnings of women have declined relative to those of men.
B
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Market economies are more decentralized than planned economies
a. True b. False
Use the following table to answer the next question. The base year is 2007. YearHot DogsBaseballsBottles of Beer?PriceQuantityPriceQuantityPriceQuantity2005$2.50100$2.5050$1.0010020064.001005.001002.0015020075.001005.001002.0020020088.001508.002004.00200200910.0020010.002004.00250Compared to the base year, the rate of inflation for the year 2009 is
A. 80%. B. 10.5%. C. 22.5%. D. 100%.
Developing countries have:
A. different normative economic goals than developed countries, because they have much lower per capita incomes. B. different normative economic goals than developed countries, because they have less unemployment. C. the same normative economic goals as developed countries, even though they have much lower per capita incomes. D. different normative economic goals than developed countries, because they have lower inflation.
In Figure 1.6, if the opportunity cost of producing cars was zero at all levels of production, the production possibilities curve would be best be represented by a
A. Horizontal line. B. 45-degree line starting at the origin. C. Vertical line. D. Circle.