CONNECT F/MICROECONOMICS
CONNECT F/MICROECONOMICS
21st Edition
ISBN: 2810022151240
Author: McConnell
Publisher: MCG
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Chapter 2, Problem 3RQ
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Approximately how many people are employed in the federal bureaucracy? O 1 million-1.4 million O 1.5 million -1.7 million O2 million-2.4 million O 2.5 million - 3 million
6. Indicate whether each of the following state- ments applies to microeconomics or macro- marginal cost and economics: LO3 a. The unemployment rate in the United States was 5.0% in April 2008. b. A U.S. software firm discharged 15 work- ers last month and transferred the work to India. C. An unexpected freeze in central Florida reduced the citrus crop and caused the price of oranges to rise. d. U.S. output, adjusted for inflation, grew by 2.2% in 2007. e. Last week Wells Fargo Bank lowered its interest rate on business loans by one-half of 1 percentage point.
2  In terms of being digitally connected, Canadian consumers:   O A. have generally chosen to back away from 24/7 access. O b. are among the most connected in the world. O c. maintain a preference for desktop or laptop computers.   O d. lag behind many countries but are beginning to embrace the technologies. O e. lag behind most European and Asian countries.
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