An increase in the number of job quits would suggest that it is becoming
What will be an ideal response?
easier to find jobs because employees who leave voluntarily are confident of finding another one.
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Refer to Table 2.7. Use the information in the table to calculate the values for national income, personal income, and disposable personal income
What will be an ideal response?
Intermediate goods are goods and services used:
a. by the ultimate user. b. by state and local governments. c. as inputs. d. both as inputs and final goods.
Which of the following is the best description of the production possibilities frontier (PPF)?
a. The PPF is a curve showing alternative combinations of goods that can be produced when available resources are used efficiently. b. The PPF is a curve showing the quantity of a good or service supplied by producers at each price level. c. The PPF is a curve showing the changes in output of a good or service brought about by changes in input usage. d. The PPF is a curve showing the different input combinations used to produce a particular good or service.
Basic supply and demand analysis can be used to explain how externalities lead to environmental problems.
Answer the following statement true (T) or false (F)