In a(n)________ recall test, consumers recall ads from memory.

Suppose the demand for lawnmowers goes down when the price of gasoline goes up. We can say that these two goods are

A) complements.
B) substitutes.
C) unrelated goods.
D) perfect substitutes.

The use of different predetermined overhead rates in departments of larger companies may yield more accurate costing.

The official unemployment rate would be higher if it included the existence of hidden unemployment or individuals who are:

A) on unemployment compensation.
B) not working.
C) working part time but prefer full-time work.
D) voluntarily retired.
E) unemployed and looking for work.

A basic assumption in comparing the production possibilities curves of two nations is that those possibilities curves reflect differences in

A) consumer tastes and preferences.
B) resource availability and technological capabilities.
C) the nations' incomes and income distribution.
D) unemployment and inflation rates.

The term trade deficit refers to a situation where

A) government spending (including transfer payments) exceeds tax revenues.
B) a nation's purchases from other nations are less than its sales to other nations.
C) assets are less than liabilities.
D) exports are less than imports.