The CPI is calculated by the Bureau of Labor Statistics on a frequency of every
A) week.
B) month.
C) quarter.
D) year.
E) decade, along with the Census.
B
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If households pay a fixed annual fee for trash disposal,
A) households will all tend to produce the same amount of garbage. B) households have no incentive to cut back on the amount of garbage they generate. C) that fee will provide households with an incentive to cut back on the amount of garbage they generate. D) that fee will discourage households from throwing out reusable materials. E) that fee will discourage households from throwing out toxic or otherwise harmful materials.
Which of the following is most likely a topic of discussion in economics?
a. Families must decide whether to spend their money on a new car or a fancy vacation. b. Nations must choose whether to put more of the budget into police and fire protection or into the school system. c. Towns must choose whether to put more of the budget into police and fire protection or into national defense. d. Nations must decide whether to devote more funds to national defense or to police and fire protection.
Explain briefly what will likely happen to society if it chooses to produce more capital goods and fewer consumption goods
What will be an ideal response?
Over half of U.S. currency is
A. held abroad. B. used in the underground economy. C. held by businesses, especially retailers, for making transactions. D. held by banks as reserves.