The statement "Managers with a college education earn $18 an hour while ski instructors who did not complete college earn $10" is
A) a political statement.
B) a positive statement.
C) a normative statement.
D) an ethical statement.
B
Economics
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If everyone in the economy correctly anticipates the inflation rate, the unemployment rate
A) will be the natural rate of unemployment. B) will be the cyclical rate of unemployment. C) will be inversely related to the expected inflation rate. D) will be positively related to the expected inflation rate.
Economics
Last year a country had $700 billion of saving and $900 of investment. What was its net capital outflow? How is it possible for a country to have investment that exceeds saving?
Economics