A production possibility graph slopes down because of:
A. the law of increasing costs.
B. scarcity.
C. inefficiency.
D. unemployment.
Answer: B
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Which of the following does not classify you as unemployed?
a. Quitting your job to look for a better job in another part of the country b. Being fired from your job for not coming to work on time c. Looking for a job after being out of the labor force for five years d. Retiring after 40 years of working for McDonald's e. Looking for a summer job while still a college student
Commercial banks create money by: a. printing currency notes
b. charging processing fees on bank transactions. c. making loans out of excess reserves. d. investing in money market mutual funds.
What are the two important programs in practice in America that strongly resemble a negative income tax?
What will be an ideal response?
Which is the best example of an intangible good?
A. the advice and expertise provided by the music store clerk who sold you that CD B. the textbook study guide you hope will prepare you to perform well on examinations C. the suit you hope will make a good impression when you go on job interviews D. the car you dream of owning but cannot afford