Fran runs a doughnut shop in a tiny 3-person town. The table below shows the quantity demand by the three townspeople at various prices.Price PerDoughnutQuantity Demandedby AlQuantity Demandedby BettyQuantity Demandedby Carol10 cents104625 cents92535 cents71550 cents504 When the price of a doughnut is 50 cents, what is the market demand for doughnuts?
A. 5 doughnuts
B. 31 doughnuts
C. 9 doughnuts
D. 20 doughnuts
Answer: C
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According to Robert Gordon, what led to the decline in unemployment in the 1940s?
A) structural barriers to expanding output and employment disappeared once a sufficiently large increase in aggregate demand had taken place B) decline in unionization of the workforce C) President Truman moving away from the policies implemented by President Roosevelt D) the strengthening of property rights following the end of the New Deal
Suppose an astronomer discovers gold on the moon. Would this gold add to the world reserves?
A) Yes, we know it exists and we could recover it. B) No, we know it exists but we can't extract the gold. C) No, there are no established property rights over the moon so they cannot add to world reserves.. D) Yes, but only if the astronomer is the resident of a developed country with well-established property rights.
The national debt
a. is increased by budget surpluses. b. is the value of the government's indebtedness at a moment in time. c. exceeded $20 trillion in 2014. d. All of the above are correct.
Structural unemployment arises when the economy changes making some jobs obsolete.
Answer the following statement true (T) or false (F)