A theory must be capable of being proved wrong if, in fact, it is wrong
Indicate whether the statement is true or false
True
You might also like to view...
If you hear that unemployment increased by 2 percentage points to 4 %in the past year, while the labor force participation rate and the population remained constant, it means:
A. unemployment doubled in the past year. B. there was a 100 percent increase in unemployment. C. twice as many people are without work than was the case a year ago. D. All of these are true.
Consider a country that initially does not interfere with imports of a given good. If the government then imposes a tariff on that good, the supply curve
a. shifts downward. b. remains unchanged. c. slopes upward less steeply. d. shifts upward.
At the core of the American trade problem is that
A. Americans spend too much on consumption. B. the dollar is too low. C. the Japanese are excluding American products by means of high protective tariffs. D. American manufacturers are too quality conscious and should instead concentrate on reducing costs.
If the MPC in an economy is 0.8, government could close a recessionary expenditure gap of $100 billion by cutting taxes by:
A. $80 billion B. $100 billion C. $125 billion D. $200 billion