Most of the women with children on welfare are
A. "Welfare Queens".
B. either working, looking for work, or being trained for work.
C. having one baby after another.
D. enjoying a fairly high standard of living.
B. either working, looking for work, or being trained for work.
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Monopolistic competition, like perfect competition, is a market structure in which firms can easily enter and leave the industry
a. True b. False Indicate whether the statement is true or false
Bond prices in the marketplace will fall when
a. interest rates fall. b. the company is losing money. c. interest rates rise. d. the company is making money.
In order to estimate the current annual GDP, economists:
A. multiply the quarterly estimate by four. B. take an average of the last four quarters measured. C. adjust quarterly GDP estimates to account for seasonal patterns. D. adjust it for changes in price level.
Which of the following statements of the expected flow of future benefits is false?
A. If future benefits are overestimated by the firm, the firm will under invest in capital. B. Firms must rely on forecasts of expected future benefits to make sensible investment decisions. C. If future benefits are underestimated by the firm, the firm will under invest in capital. D. Households, business firms, and governments all evaluate the expected flow of benefits when making investment decisions.