All income, production, and expenditure variables that are measured at current market prices are referred to as ________
A) real variables
B) nominal variables
C) implicit variables
D) index variables
E) none of the above
B
Economics
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The natural level of employment (N) will increase when which of the following occurs?
A) an increase in the markup of prices over costs B) a reduction in unemployment benefits C) an increase in the actual unemployment rate D) all of the above E) none of the above
Economics
A tax imposed by a government on imports of a good into a country is called
A) an import levy. B) an import fine. C) a tariff. D) an import quota.
Economics