Which of the following is true?
A) Child labor is most common in urban areas.
B) Child labor is most common in the textile industry.
C) If child labor were stopped, families would have greater economic success.
D) Agriculture is the main industry that uses child labor.
D
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The above table has the demand and supply schedules for money. Real GDP increases and, as a result, the demand for money increases by $0.1 trillion at each level of the nominal interest rate. The new equilibrium interest rate is
A) 5 percent. B) 2 percent. C) 10 percent. D) 3 percent. E) 7 percent.
The gains from trade include:
i. lower prices from competition ii. greater output from specialization iii. greater variety of goods and services available A) ii only B) i and iii only C) i and ii only D) i, ii, and iii E) ii and iii only
In the prisoners' dilemma game, each player ________
A. consults the other player to determine his best action B. chooses the best outcome for the other player C. chooses the best outcome for himself D. chooses the best outcome for both players together
Suppose price increases from $7.00 to $13.00. Using the mid-point formula, the percentage change in price is:
A. .0.6 = 60 percent. B. 0.6 = 60 percent. C. 70 percent. D. 130 percent.