Using Figure 1.7, we know the production of 4 units of soda and 2 units of pizza is 
A. impossible because we have the resources but do not have the technology.
B. possible, but only if all resources were fully employed.
C. impossible because we have the technology but do not have the resources.
D. possible, but there would be unemployed resources.
Answer: D
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Use the data in the table below to answer the following question.PriceQuantity Demanded$201218171620142412301036840644448The price elasticity of demand (based on the midpoint formula) when price increases from $18 to $20 is
A. -3.29. B. -0.33. C. -1. D. -1.37.
A marginally attached worker is
A) a person who is not happy with his or her job. B) someone who works part-time more than 25 hours per week but wants full-time work. C) someone who does not have a job but is available and willing to work and has made specific but unsuccessful efforts to find a job during the past 4 weeks. D) someone who does not have a job but is available and willing to work but has not made specific efforts to find a job during the past 4 weeks. E) another name for an unemployed worker.
In the economy of Iota, 9 people have jobs, 1 person is not working but is searching for work, and 10 people don't work and don't seek work. The unemployment rate is
A) 10 percent. B) 25 percent. C) 33 percent. D) 50 percent. E) none of the above.
The fact that long-run growth in the U.S. has been relatively stable is consistent with the ______ model
a. endogenous growth. b. supply-side. c. Keynesian. d. neoclassical growth. e. none of the above.