Which of the following workers is least likely to lose his/her job during a recession?
A. Carpenter
B. Police officer
C. Automobile assembly line worker
D. Roofer
Answer: B
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The second half of the 1940s was a period of
A. recession. B. no economic growth. C. very slow economic growth. D. fairly high economic growth.
A Keynesian economist would expect a supply-side tax cut to shift
A. only the aggregate supply curve outward. B. only the aggregate demand curve outward. C. both the aggregate demand and aggregate supply curves outward. D. the aggregate supply curve outward and the aggregate demand curve inward.
Leisure is
A) wasteful to society. B) an inferior good. C) a complementary good to labor. D) a normal good.
Part of the tremendous growth in China can be attributed to
a. loans received from the international financial bodies like World Bank, ADB. b. FDI inflows and its ability to save and invest nearly half of its GDP. c. financial aid received from foreign governments. d. development assistance inflows from developed countries.