Historically, which of the following goods have evolved into money?
A) gold
B) salt
C) cattle
D) cocoa beans
E) all of the above
E
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If the government spending increases without an equal increase in taxes, the government must borrow funds in the financial markets
Indicate whether the statement is true or false
Of the four groups listed below, the highest unemployment rate is typically experienced by:
a. females as a group. b. males as a group. c. teenagers. d. persons who completed 1-3 years of high school.
The impact of one person's actions on the well-being of a bystander is called
a. an economic dilemma. b. deadweight loss. c. a multi-party problem. d. an externality.
A plumber who specializes in cleaning plugged sewer lines is typically paid a higher wage than a plumber who works on installing water systems in new residential housing. Which of the following would push the wages of plumbers who work on sewer lines higher?
a. Plumbers who work on new residential housing require more training than plumbers working on sewer lines. b. Plumbing jobs that involve sewer lines are likely to have a high element of personal satisfaction. c. Plumbers who work with sewer lines are more likely to work the day shift. d. plumbers who work with sewer lines are likely to be perceived as having a "dirty" job.