Compared to other industrial nations, the unionization rate of the U.S. labor force is relatively _______.
Fill in the blank(s) with the appropriate word(s).
low
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Assuming there is a rise in supply of copper, if the market for copper is allowed to adjust, the ultimate result will be:
A) an increase in price and an increase in the quantity demanded. B) an increase in price and an increase in the quantity supplied. C) a decrease in price and an increase in the quantity demanded. D) a decrease in price and an increase in the quantity supplied.
The production possibilities curve represents
A) the total amount of stocks and bonds that exist in the economy. B) the trade-off between human capital and physical capital that exists. C) all possible combinations of total output that can be produced. D) society's needs.
The price of a good will fall if:
A. there is an excess demand of the good. B. demand and supply of the good are the same. C. there is an excess supply of the good. D. the price is below the equilibrium price.
When we compare the graphs of GDP growth over time to the corresponding risk spread on Baa bonds compared to 10-year U.S. Treasury bonds, what relationship can be inferred?
What will be an ideal response?