Data on wages, education, and many other characteristics of the population that are available to anyone who wants to use it are called:
A) private-use data.
B) public-use data.
C) primary data.
D) secondary data.
B
Economics
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Two countries, Alpha and Beta, have identical production possibilities frontiers illustrated above. If Alpha produces at point a and Beta produces at point b, then ________
A) Beta's economic growth rate will exceed Alpha's B) Alpha consumes less than Beta today, but it will grow faster than Beta C) Alpha's and Beta's economic growth rates will be the same D) Beta's future consumption will be greater than Alpha's
Economics
The self-correcting property of the economy means that output gaps are eventually eliminated by:
A. increasing or decreasing potential output. B. government policy. C. decreasing inflation only. D. increasing or decreasing inflation.
Economics