QN=71 (17766) Refer to Table 23-6. Which of the following is not correct?
a. This economy experienced growth from 1974 to 1975.
b. This economy experienced growth from 1975 to 1976.
c. This economy experienced growth from 1976 to 1977.
d. This economy experienced inflation from 1974 to 1975, from 1975 to 1976, and from 1976 to 1977.
b. This economy experienced growth from 1975 to 1976.
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Which of the following reasons why women earn less than men is considered by some to be economic, and by others to be sociological?
A. Women outnumber men. B. Women are more likely to choose to stay at home to raise small children. C. The average man is physically stronger than the average woman. D. Women are the only ones who can give birth.
Arlene makes earrings in the shape of the mascot of a local university. Last year Arlene made 250 pairs of earrings, which she sold to the university bookstore for $10 each. Arlene works out of her home, so her only cost is $3 per pair for materials and $85 for tax help. If Arlene didn't produce earrings, she would spend her time babysitting her nephews and make about $500 per year. Which of the following is TRUE?
Who is considered to be the most powerful person in the economic world by many observers?
A. Federal Reserve Chair B. EU Central Bank President C. Director-General of the WTO D. World Bank President
Refer to the information provided in Figure 3.18 below to answer the question(s) that follow.
Figure 3.18Refer to Figure 3.18. The market is initially in equilibrium at Point B. If demand shifts from D2 to D1, the new equilibrium price will be ________ and the new equilibrium quantity will be ________.
A. $3.00; 400 B. $4.00; 150 C. $4.00; 350 D. $3.00; 250