In 2014, male college graduates earned _____ more than male high school graduates.
a. 27%
b. 49%
c. 87%
d. 123%
Answer: c. 87%
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If the labor force grows faster than the number employed, the
A. unemployment rate will fall. B. unemployment rate will rise. C. labor force rate will rise. D. employment rate will rise.
If people can benefit from a good even if they do not pay for it, the good is nonrival
Indicate whether the statement is true or false
The basis for trade is comparative advantage, not absolute advantage
Indicate whether the statement is true or false
The Clayton Act is an antitrust law that was passed to
A) outlaw monopolization. B) prohibit charging buyers different prices if the result would reduce competition. C) address loopholes in the Sherman Act. D) toughen restrictions on mergers by prohibiting mergers that reduce competition.