Which of the following is an example of government failure?
A.) A negative externality, such as pollution.
B.) An increase in bureaucracy and red tape that fails to improve economic outcomes.
C.) An increase in airline safety.
D.) An increase in the costs of production and an improvement in economic outcomes.
B.) An increase in bureaucracy and red tape that fails to improve economic outcomes.
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What is meant by spreading overhead?
What will be an ideal response?
Which of the following is an example of discrimination in the labor market?
a. Women earn less than men because women are more likely to be employed in occupations that pay less, such as elementary school teachers rather than electrical engineers. b. Women earn less than men because women have, on average, fewer years of experience in the labor force because women, on average, periodically leave the labor force to raise children. c. A pharmaceutical sales company pays women less than men because the company's customers, physicians and pharmacists, say that they prefer to deal with men rather than women. d. All of the above are examples of discrimination.
When deciding how much to save, people care most about
a. after-tax nominal interest rates. b. after-tax real interest rates. c. before-tax real interest rates. d. before-tax nominal interest rates.
A newspaper story recently reported that the price of new cars has decreased and the quantity of new cars sold has dropped. The new price and quantity could have been caused by:
What will be an ideal response?