Deflation in the United States would tend to make the exchange value of the dollar depreciate
a. True
b. False
Indicate whether the statement is true or false
False
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The above figure shows the relationship between the price of a slice of pizza and how many slices of pizza Ricardo buys in a week. Between points A and B, the slope of the line equals
A) -5. B) -4. C) -3. D) -1. E) -2
Which of the following groups would not be considered part of the labor force?
a. U.S. senators b. Self-employed individuals c. Individuals who are employed five hours (or less) per week d. Individuals who have given up looking for work because they have been unable to find a job e. Social Security recipients who work part time
For a construction company that builds houses, which of the following costs would be a fixed cost?
a. the $50,000 per year salary paid to a construction foreman b. the $30,000 per year salary paid to the company's bookkeeper c. the $10,000 per year premium paid to an insurance company d. All of the above are correct.
Tariffs are more likely to be imposed when
A. the number of people who are hurt by protectionist measures exceeds the number of people who gain from protectionist measures. B. the lobbying efforts of consumer advocacy groups are much stronger than those of the producers. C. the average gain per proponent far exceeds the average cost per opponent. D. import-competing producers are unorganized.