As compared to the estimates of the natural rate of unemployment for the United States, those for Europe are
A) higher. B) the same.
C) lower. D) higher and more variable.
A
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Which economic organization would have the BIGGEST role in this part of the world?
a) opec b) nafta c) asean d) united nations
Which one of the following statements is most clearly inconsistent with the economic way of thinking?
a. "If you give a person a fish, you feed him for a day; if you teach him to fish, you feed him for life." b. "If the government provides a good free to citizens, then the opportunity cost of the good is zero." c. "If you derive the same satisfaction from a hamburger as a chicken sandwich, it makes sense to have the cheaper alternative for lunch." d. "When it is cheaper to have someone else mow your lawn than to mow it yourself, hiring someone to do the job is consistent with economizing behavior."