According to a recent study, college students who graduate during an economic recession end up accepting jobs that, on average, pay ________ less than the jobs accepted by students who graduate during economic expansions, and will continue to earn
less for ________ after they graduate. A) 26%; 5 years
B) 9%; 8 to 10 years
C) 4%; 3 to 5
D) 17%; 12 to 15
B
Economics
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An economy's production function is Y = A , and the economy's total output in equilibrium is $90 billion. Total capital income in this economy is ________
A) $27 billion B) $30 billion C) $21 billion D) $70 billion E) none of the above
Economics
Activities designed to convert resources into goods and services is known as
A) supply. B) consumption. C) production. D) scarcity.
Economics