The group comprising the highest percentage of the poor is
A. the disabled.
B. elderly.
C. male heads of households.
D. children.
D. children.
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It generally costs advertisers more to run a commercial on television in the evening than in the morning because
A) it costs stations and networks more to broadcast any given commercial in the evening. B) overtime wage rates must usually be paid in the evening. C) stations and networks ignore their own costs in setting their prices. D) the government regulates television content but not prices.
When there are economies of scale,
a. per-unit costs increase as output increases b. per-unit costs decrease as output increases c. per-unit costs are constant as output increases d. output does not affect per-unit costs
Due to political instability in a country, there was a sudden decrease in the demand for goods. The unpredicted decrease in demand for goods caused a _____
a. macroeconomic shortage b. macroeconomic surplus c. budget surplus d. depression
Certain factors that are probably important in determining wages are nevertheless difficult to measure. Consequently, labor economists find those factors difficult to incorporate into their studies of labor markets and wages. Those factors include
a. effort and natural ability. b. natural ability and years of experience. c. years of experience and job characteristics. d. race and job characteristics.