Which of the following is not one of the fundamental economic questions all societies must face?
a. What goods and services are to be produced?
b. How goods and services are to be produced?
c. Which goods and services are to be produced by the government?
d. Who is to receive the goods and services produced in the society?
c
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At full employment, there is no
A) structural unemployment. B) frictional unemployment. C) unemployment. D) structural and seasonal unemployment. E) cyclical unemployment.
In the figure above, U.S. consumers buy ________ airplanes per year at ________ million per airplane
A) 200; $150 B) 400; $100 C) 700; $150 D) 400; $150 E) 200; $100
Michael Jordan averaged 35 points per game over a 100-game season. During the playoff round of 10 games, he averaged 50 points, and in the five-game championship series, he led the Chicago Bulls to victory, averaging 40 points. For the entire season, how many points did Jordan score, what was his average, and did the championship series pull his previous average up or down?
What will be an ideal response?
To a Marxist, income inequality derives from
a. purely random events b. incompetent government policy c. unequal education d. unequal distribution of property e. unequal abilities of individuals