Using the information in Table 6.2, the inflation rate from 2014 to 2015 is about
A) 26 percent. B) 38 percent. C) 42 percent. D) 49 percent.
A
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A key reason why some countries are growing very slowly is
A) they lack economic freedom. B) there is too much competition within their economies. C) they lack a democratic government. D) they are too poor, so there is no saving. E) their inflation rate is too high.
Figure 19.1 displays changes in the size of private inventories. Based on the figure, in which month is the size of private inventories likely to have been lowest?
A) September 2010 B) September 2011 C) September 2009 D) March 2010
An import quota taxes an import but does not set a limit on how much may be imported
a. True b. False
Normative economics deals with ____ and positive economics deals with ____
a. what should be; what is b. fiction; fact c. microeconomics; macroeconomics d. negative aspects; positive aspects e. changing circumstances; same circumstances