Your mother tells you, "Watching ten hours of TV per day will make you stupid." This is a positive statement because:
a. your mother says it with a positive tone in her voice.
b. it is your mother's opinion
c. it is a proposition that can be tested.
d. your mother is only thinking of your best interest.
c
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If the demand for loanable funds curve shifts rightward from the curve shown in the figure above, the shift could be the result of
A) a rise in the real interest rate. B) a decrease in expected profit. C) a fall in the real interest rate. D) an increase in expected profit. E) a decrease in real GDP. The figure above shows the supply of loanable funds curve.
Factors increasing the U.S. labor supply and thereby contributing to the slowdown in real-wage growth that began in the 1970s include ________ and ________.
A. increased labor force participation by women; the coming-of-age of the baby-boom generation B. technological progress; diminishing returns to labor C. skill-biased technological change; globalization D. increasing wage inequality; globalization
The official poverty income threshold in the United States is
A. based on the cost of a budget that includes food, clothing, and shelter. B. never adjusted for the effects of inflation. C. the same for all families independent of the number of people in the family. D. calculated as three times the cost of a minimally acceptable diet for a family.
George Bernard Shaw stated, “Economy is the art of making the most of life.” Which of the following is the most accurate paraphrase of this quotation?
a. Economy is about earning enough money. b. Economy is about making enough relaxation time. c. Economy is about living for today. d. Economy is about making the best choices.