A) both country A and country B
B) neither country A nor country B
C) country A but not country B
D) country B but not country A
F) A) and C)
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A) decreased by about 6 percent between 2000 and 2008.
B) remained unchanged between 2000 and 2008.
C) increased by about 9 percent between 2000 and 2008.
D) increased by about 18 percent between 2000 and 2008.
F) A) and B)
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A) 1 percent per year
B) 2 percent per year
C) 3 percent per year
D) 4 percent per year
F) C) and D)
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A) labor unions
B) minimum wage laws
C) productivity
D) efficiency
F) All of the above
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A) society faces a tradeoff between unemployment and inflation,but only in the short run.
B) society faces a tradeoff between unemployment and inflation,but only in the long run.
C) society faces a tradeoff between unemployment and inflation,both in the short run and in the long run.
D) no tradeoff exists between unemployment and inflation,either in the short run or in the long run.
F) B) and C)
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A) market failure.
B) business cycle.
C) inflation.
D) unemployment.
F) B) and C)
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A) a blight on our nation's economy.
B) a necessary evil to combat high unemployment.
C) public enemy number one.
D) a fly in the ointment.
F) B) and C)
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A) population
B) productivity
C) market power
D) government policies
F) All of the above
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A) impose restrictions on foreign competition.
B) formulate policies designed to increase productivity.
C) impose tougher immigration policies.
D) provide tax breaks for the middle class.
F) C) and D)
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A) the United Kingdom has a better education system than Turkey.
B) the rate of growth of the quantity of money was slower in the United Kingdom than in Turkey.
C) workers in Turkey are more productive than workers in the United Kingdom.
D) there are more instances of market power in Turkey than in the United Kingdom.
F) None of the above
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A) lower unemployment and lower inflation.
B) lower unemployment and higher inflation.
C) higher unemployment and lower inflation.
D) higher unemployment and higher inflation.
F) C) and D)
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A) opportunity cost.
B) productivity.
C) externality.
D) marginal benefit.
F) All of the above
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A) increases in productivity in the economy
B) the influence of positive externalities on the economy
C) lack of property rights in the economy
D) growth in the quantity of money in the economy
F) A) and C)
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