Scarcity is a problem faced by all but the wealthiest of citizens
a. True
b. False
Indicate whether the statement is true or false
False
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The Uruguay Round was unsuccessful in its attempt to strengthen international protection of intellectual property rights
Indicate whether the statement is true or false
According to the monetarists
A. the supply of money changes in response to changes in the levels of real output and prices. B. changes in the velocity of money are more important than changes in the money supply in causing the level of economic activity to change. C. an expansionary fiscal policy will lower interest rates and thereby tend to over stimulate investment and consumption. D. changes in the money supply are the primary cause of changes in the price level.
Output per labor-hour is used to measure the ________ of labor.
A. intelligence B. seriousness C. productivity D. effort
A continuous decrease in the level of prices over time is called ________.
A) deflation B) inflation C) disinflation D) deflection E) depression