Untreated raw sewage is dumped directly into rivers and oceans
a. only in less-developed economies
b. only in rural areas
c. only in urban areas
d. in every large city in the United States
e. in some of the largest U.S. cities
E
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The distribution of income in the United States became more unequal in the 1990s. One explanation for this trend is that advances in information technologies have ________ low-skilled labor and ________ high-skilled labor
A) decreased the demand for; increased the demand for B) increased the demand for; decreased the demand for C) decreased the supply of; increased the supply of D) increased the supply of; decreased the supply of
In which of the following are the parties likely to avail themselves of norms for the transaction?
a. When transactions are repeated b. When the stakes for both parties are high c. When court costs are low d. When information costs are high
The fact that U.S. managers' salaries are substantially higher than the salaries of comparable managers in Japan may be related to the fact that:
A. there are no government controls on CEOs' earnings in the United States. B. the demand for CEOs has decreased. C. the supply of CEOs has decreased. D. there are more natural monopolies in the United States.
In the long run, the corporate profits tax will lead to
A. lower profits in the corporate sector, but higher profits in the noncorporate sector. B. higher profits in the corporate sector, but lower profits in the noncorporate sector. C. higher profits in the corporate sector and higher profits in the noncorporate sector. D. lower profits in the corporate sector and lower profits in the noncorporate sector.