If an economy is operating inefficiently, then
a. the economy can increase production of consumption goods without reducing capital goods.
b. there is always a positive opportunity cost to increasing output.
c. output can only be increased through capital investment.
d. output cannot be increased.
a
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If the CPI decreases from one year to the next, then the inflation rate is
A) negative. B) 0. C) below 100. D) above 100. E) positive.
John Steinbeck's Cannery Row describes a character who takes his own life because of poor job prospects. If he was an unemployed person who gave up looking for work, he would be considered:
a. chronically unemployed. b. a discouraged worker. c. a member of the labor force. d. frictionally unemployed.
While GDP includes what is spent on environmental protection, healthcare, and education, it does not include _________ levels of environmental cleanliness, health, and learning.
a. actual b. historical c. future d. planned
Starting from the 1990s, there was a significant shift toward
A. granting employees narrower decision authority and more specialized functions. B. granting employees narrower decision authority and less specialized functions. C. granting employees broader decision authority and less specialized functions. D. granting employees broader decision authority and more specialized functions.