Which of the following is not an incentive bureaucrats have to increase the size of their budgets?
a. They can increase their income by having a higher budget.
b. Increased budgets mean more power and prestige.
c. Higher budgets are necessary to maximize scale efficiencies.
d. A nice working environment is positively correlated with a higher budget.
c
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In the DMP model, an increase in productivity does not
A) reduce the unemployment rate. B) increase the vacancy rate. C) increase labor market tightness. D) increase the size of the labor force.
Which of the following functions of money allows us to not rely on the barter system to get the goods and services we need?
Refer to Figure 29.3 for a cotton market with an equilibrium price of P1 and a Commodity Credit Corporation (CCC) loan rate set above P1. If the CCC loan rate is increased, the
A. Surplus in the market will become larger. B. Shortage in the market will become larger. C. Surplus in the market will become smaller. D. Shortage in the market will become smaller.
Refer to the information provided in Table 3.2 below to answer the question(s) that follow.Table 3.2Price per CheeseburgerQuantity Demanded (Cheeseburgers per Month)Quantity Supplied (Cheeseburgers per Month)$51,500 500 61,200 700 7 900 900 8 6001,100 9 3001,300Refer to Table 3.2. This market will be in equilibrium if the price per cheeseburger is
A. $5. B. $6. C. $7. D. $8.