In percentage terms, which of the following occupations is expected to be the fastest growing from 2010 to 2020?
A. Personal care aides
B. Athletic trainers
C. Carpentry helpers
D. Convention and event planners
A. Personal care aides
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The data in the above table show that when the price level is 120
A) the unemployment rate is below its natural rate. B) the unemployment rate is above its natural rate. C) money wages rates will rise in the future. D) the long-run aggregate supply curve will shift leftward in the future.
Which of the following is the best example of "how goods and services should be produced?"
A) complying with the technical specifications in the production of an aircraft B) the production of jet aircraft for the air force or for a commercial airline C) the use of additional workers versus the use of machines in the production of goods D) the production of a new manufacturing facility
Gross domestic product adds together many different kinds of goods and services into a single measure of the value of economic activity. To do this, GDP makes use of
a. market prices. b. statistical estimates of the value of goods and services to consumers. c. prices based on the assumption that producers make no profits. d. the maximum amount consumers would be willing to pay.
To sell one more unit of a good, a monopolist must
A. raise the price only on the last unit sold. B. lower the price on all units. C. lower the price on the last unit only. D. raise the prices on all goods.