The underground economy
a. excludes the amount of criminal activity in an economy.
b. is larger for developed nations than developing nations when measured as a percent of GDP.
c. includes otherwise legal transactions that go unreported or unrecorded.
d. in the United States is insignificant is size when compared to the official measure of GDP.
c
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In general we may note that inflation:
A. doesn't necessarily harm purchasing power. B. always decreases purchasing power. C. always increases purchasing power. D. should try to be avoided at all costs.
In 2015, the U.S. labor force was approximately
A. 320.1 million. B. 157.1 million. C. 15,962 million. D. 149.3 million.
In the table above, Y is measured along the y-axis and X along the x-axis. The slope between points a and b is
A) 25. B) 4. C) 0.25. D) -0.25.
Emma consumes only tacos and pizza. They are substitute goods for her. The price of a taco falls. Emma will buy ________ tacos and her marginal utility from the last slice of pizza she eats ________
A) more; does not change B) more; decreases C) the same quantity; does not change D) less; increases