The In the News article titled "Great Recession Officially Ended Last Year" came out over a year after the recession was statistically declared over. Which of the following obstacles does this article address?
A. Implementation problems.
B. Measurement problems.
C. Design problems.
D. Goal conflicts.
Answer: B
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According to the graph shown, if this economy were an autarky, producers would enjoy area:
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
A. BCEFG
B. BCDEFG
C. G
D. EFG
Certain goods are related so that an increase in the price of one good decreases the demand for the other. These goods are: a. complements
b. substitutes. c. luxury goods. d. competing goods.
Right-to-work laws
a. guarantee workers the right to form unions. b. give workers in a unionized firm the right to choose whether to join the union. c. prevent employers from hiring permanent replacements for workers who are on strike. d. prevent workers from being fired because of increases in wages brought about by collective bargaining.
The rate of return on an investment in medical education:
a. will increase with an increase in the availability of student loans. b. is inversely related to the number of years in the profession. c. is much higher than the rate of return on an undergraduate business degree. d. is inversely related to the length of time spent in formal schooling. e. is inversely related to income.