According to the text, during World War II rationing was conducted in the U.S. through the use of
A) queuing.
B) lotteries.
C) coupons.
D) sharing.
C
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If a new method for obtaining oil from dry oil fields is found, then we will see:
a. the AS curve shift to the left. b. a movement to the left along the AD curve. c. the AD curve shift to the left. d. the AD curve shift to the right. e. the AS curve shift to the right.
Paying off the national debt would redistribute income from the
a. debt holders to the taxpayers. b. taxpayers to the major recipients of transfer payments. c. banks to the taxpayers. d. taxpayers to the debt holders.
Marginal productivity theory would suggest that
A) all workers should be paid the same wage. B) higher productivity will increase the market wage of an individual. C) labor demand will have no impact on the wage paid. D) workers cannot do anything to improve their wage prospects for the future.
Which one of the following is not assumed to be constant when the supply curve for a product is drawn?
A. number of producers B. price of inputs used to make the product C. state of technology D. price of the product