In the short run, a firm may have accounting losses and remain in operation
a. True
b. False
Indicate whether the statement is true or false
True
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Real GDP per person in both Alpha and Omega is equal to $2,000. Over the next 100 years, real GDP per person grows at a 1 percent annual rate in Alpha and at a 2 percent annual rate in Omega. After 100 years, real GDP per person in Alpha is ________ smaller than real GDP per person in Omega.
A. $5,410 B. $11,080 C. $2,000 D. $9,080
Which situation would most likely cause a nation's production possibilities curve to shift inward?
A. An increase in unemployment B. An increase in the amount of imports C. An increase in the number of skilled immigrant workers D. The destruction caused by bombing and warfare in a losing military conflict
One of the characteristics of financial repression is
(a) negative real interest rates. (b) lack of credit rationing. (c) capital flowing to the highest rate of return. (d) all of the above. (e) none of the above.
The evidence shows that in 1860–1910
(a) population and annual hours worked grew more rapidly than did the employed labor force. (b) population grew more rapidly than the labor force, but annual hours worked grew less rapidly. (c) population grew less rapidly than did the employed labor force, and the work day shortened. (d) population, productivity and the work day grew less rapidly than did the employed labor force.