The unemployment rate is equal to the number of people who are unemployed divided by the number of people in the labor force.
Answer the following statement true (T) or false (F)
True
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An important condition required for economic growth is
A) economic freedom. B) a libertarian government. C) a totalitarian government. D) a democratic government. E) the incentive to limit international trade so that all economic growth remains within the country.
Refer to the scenario above. Which of the following combinations will lie on Jack's production possibilities curve?
A) 10 paintings and 6 sculptures B) 5 paintings and 1 sculpture C) 10 paintings only D) 10 sculptures only
Which of the following is an experiment which tests whether fairness is important in consumer decision making?
A) the preferential treatment game B) the behavioral experiment C) the ultimatum game D) the fair trade principle
The stock market boom in 1922–1929 seems "rational" enough if you take into account the expansion of the money supply in the same period
Indicate whether the statement is true or false