The labor productivity speed-up in the United States could be explained by a delayed
a. educational benefit.
b. technology benefit.
c. military spending benefit.
d. baby boom benefit.
b
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Economists argue that the level of pollution should be
A) reduced completely to zero because by definition, it has a negative external effect. B) ignored because it has always been present since the beginning of history. C) best determined by elected officials who can speak on behalf of the public. D) reduced to the point where the marginal benefit of pollution reduction is equal to the marginal cost of pollution reduction to society.
One reason why firms would choose a salary system rather than a commission compensation system is that their employees might become less concerned about the quality of their work
Indicate whether the statement is true or false
If Mr. Smith thinks the last dollar spent on shirts yields more satisfaction than the last dollar spent on cola, and Smith is a utility-maximizing consumer, he should
a. decrease his spending on cola. b. decrease his spending on cola and decrease his spending on shirts. c. decrease his spending on shirts. d. increase his spending on cola and decrease his spending on shirts.
If there were no usury law the interest rate would be _______%.
A. under 18
B. 18
C. 22
D. 28