The household survey asks adults about their employment status and is used to compile the monthly unemployment rate
Indicate whether the statement is true or false
TRUE
Economics
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An economy is judged efficient if
a. it is good at producing what people want. b. it produces things that people may not want but in the least wasteful way. c. produces whatever people want in a way that may not be the least wasteful. d. it is a free-market economy and not a command market.
Economics
If the CPI was 90 in 1975 and is 225 today, then $100 today purchases the same amount of goods and services as
a. $25.00 purchased in 1975. b. $33.33 purchased in 1975. c. $40.00 purchased in 1975. d. $135.55 purchased in 1975.
Economics