From 1950 - 2007, recessions in the United States
A) did not occur.
B) became more severe than before 1950.
C) became less severe than before 1950.
D) were about as severe as they were before 1950.
Answer: C
Economics
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According to the principle of diminishing returns, if the number of workers is increased beyond the point of diminishing returns, then the additional worker
A) increases total output by more than the amount of previous workers. B) increases total output by the same amount as previous workers. C) decreases total output. D) increases total output by less than the amount of previous workers.
Economics
The United States' current account deficit reached a new high in:
A. 2006. B. 2007. C. 2008. D. 2009.
Economics