The classicals said that recessions are _____ because the economy is _____.
Fill in the blank(s) with the appropriate word(s).
temporary; self-correcting
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Under FIFRA,
a. only benefits are considered in determining whether a pesticide can be sold b. registration of a pesticide is denied if it is linked to unreasonable adverse effects on the environment c. a pesticide registration is contingent upon only the risks associated with that substance d. benefits are the dominant factor in registration decisions
The accompanying figure shows the annual demand for haircuts for one person in the town of Beaumont. There are a total of 300 residents in Beaumont, each with this same demand curve. If the residents of Beaumont purchase a total of 1,800 haircuts each year, then the market price for a haircut must be:
A. $20. B. $30. C. $35. D. $40.
Who said our economy "seems capable of remaining in a chronic condition of subnormal activity for a considerable period without any marked tendency either toward recovery or toward complete collapse"?
A. David Ricardo B. Jean Baptiste Say C. Wassily Leontief D. John Maynard Keynes
Ajax Corporation has just decided to let managers work from home one day a week. This decision will make working conditions better and will
A) cause the demand curve for labor for managers to increase. B) increase the elasticity of demand for labor for managers. C) lead to an increase in the supply curve of labor for managers. D) leave the supply curve of labor unchanged.