Employment in the tertiary sector in the 20th century showed
(a) a marked cyclical tendency in harmony with the business cycle.
(b) a leveling off in times of recession.
(c) a downturn during cyclical expansions.
(d) a steady increase since 1900.
(d)
Economics
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Refer to Table 2-11. If the two countries specialize and trade, who should export wheat?
A) South Korea B) There is no basis for trade between the two countries. C) China D) They should both be exporting wheat.
Economics
When the Federal Reserve decreases the money supply, at the previous equilibrium interest rate households and firms will now want to
A) sell Treasury bills. B) hold less money. C) neither buy nor sell Treasury bills. D) buy Treasury bills.
Economics