Which of the following is true of households?
a. It consists of the employed members of the family.
b. It can comprise of either related members or unrelated individuals.
c. It refers to only the owners of rented apartments.
d. It comprises of a family of at least four members.
e. It generally describes a family that has two earning members.
b
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Relative to the demand curve for low-skilled workers, the demand curve for high-skilled workers lies
A) to the right. B) to the left. C) below. D) in the same place.
Economic growth will
A) shift the production possibilities curve inward. B) shift the production possibilities curve outward. C) shift along the production possibilities curve toward the X-axis. D) be a movement from inside the productions possibilities curve to the curve itself.
Total factor productivity is the ratio of a:
a. firm's marginal revenue to its marginal cost. b. firm's total revenues to its total costs. c. nation's total income to its total output. d. nation's output to its stock of labor and capital. e. nation's savings to its capital stock.
Social Security payments were not indexed to adjust for inflation until:
A. 1940. B. 1975. C. 1990. D. 1968.