A theory must be capable of being proved wrong if, in fact, it is wrong

Indicate whether the statement is true or false


True

Economics

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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.

Economics

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.

Economics

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.

Economics

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

Economics