Suppose the typical household spends $3,500 on goods and services during the month of January, and $4,300 on the same goods and services in February. Using January as the base period, what is the consumer price index for February?
a. 151.4
b. 81.4
c. 55.1
d. 122.9
d
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Which is a determinant of demand?
a. Production costs b. Technology c. Amount of economic resources d. Number of buyers
Between 1986 and 2015, prescription drug prices rose
A. faster than overall inflation and faster than over-the-counter drugs. B. at the same rate as over-the-counter drugs. C. slower than overall inflation. D. slower than inflation for over-the-counter drugs.
Which of the following is NOT an obstacle to increased international economic integration?
A) Monopoly powers given to domestic companies of individual nations B) High tariff rates imposed by industrialized nations C) Health and safety standard requirements D) Labor and environmental standard requirements
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, a decrease in unemployment may be represented by the movement from
A. B to A. B. C to D. C. B to D. D. A to C.