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1.) When the production of goods increases, the business cycle is contracting.
True
False
2.) The goals of the New Deal were relief, recovery, and reform.
True
False
3.) The GNP measures the total market value of everything produced by a country, while the GDP measures the value of everything produced within a country.
True
False
4.) Externalities can be positive or negative.
True
False
5.) The decline in data entry, typing, and assembly jobs is best explained by:
A.) a decrease in the national minimum wage.
B.) the widespread availability of improved technology that can perform many of the same functions.
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