With price rationing, those who are both able and willing to pay for a product get it.
Answer the following statement true (T) or false (F)
True
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Labor productivity measures
A) the growth of real output. B) real output per labor hour. C) the growth in the quantity of labor. D) the growth of per capita real GDP.
Historically, controlling who was able to vote was an important tool:
A. for those who wanted to keep other groups out of power. B. to discourage some from participating in policy making. C. to attract greater participation in the political system. D. for those seeking to create policy that was beneficial for all.
The use of automated teller machines (ATMs) has caused some bank tellers to lose their jobs. This is an example of
a. cyclical unemployment. b. seasonal unemployment. c. frictional unemployment. d. structural unemployment.
There is widespread agreement across the political spectrum that the only way to break the cycle of poverty and welfare dependency is to
A. provide abortion on demand. B. put every able-bodied person to work. C. enact a negative income tax. D. throw everyone off welfare.