Which of the following types of workers has decreased as a percentage of the U.S. labor force in recent decades?
a. skilled workers.
b. unskilled workers.
c. semiskilled workers.
d. clerical workers.
b. unskilled workers.
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Refer to Table 13-4. Based on the data in the table, which of the following statements is true?
A) The table summarizes Victoria's short-run, rather than long-run, market for plastic vials. B) Victoria should advertise more in order to increase the demand for plastic vials. C) Victoria could be either a monopolistically competitive or a perfectly competitive firm. D) Victoria should shut down temporarily.
Suppose a chemical plant in Warzonka produces a by-product that is extremely toxic. The by-product is fatal to plant and animal life upon direct contact, and low-level contamination of the by-product in the environment is linked to cancer. Which of the following would be the best choice for public policy in this case?
a. Command-and-control regulation b. A corrective tax c. A property tax d. A tradable permit system
The narrow definition of money (MI) in the Irish economy is:
(a) Coins, notes and current accounts. (b) Coins, notes, deposit accounts and current accounts. (c) Coins, notes and all deposit accounts. (d) Notes and coins issued by the Irish Central Bank.
A firm that has little ability to influence market prices operates in a
a. competitive market. b. strategic market. c. thin market. d. power market.