When compared to national defense expenditures, human resources expenditures _____
a. declined substantially during the 1980s
b. have remain stable since the 1950s
c. are a smaller percentage of GDP
d. have increased substantially since the mid 1960s
d
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The Denver Broncos is a football team in the NFL, the Colorado Crush is an arena football team, and the Highlands Ranch Falcons is a local High School team
Broncos tickets cost about $415, the Crush cost between $30 and $85 and Falcons tickets are $6. What do the prices per unit tell you about the marginal utility from each of these football games? A) The marginal utility will be equal from each game. B) The marginal utility will be greatest from a Crush game. C) The marginal utility will be greatest from a Falcons game. D) The marginal utility will be greatest from a Broncos game.
A plumber who quits his job in Indianapolis and moves to Orlando where additional plumbers are needed is said to be ___________________ unemployed
A) frictionally B) structurally C) cyclically D) underemployed
According to the principle of diminishing marginal utility, what is the best way for a business owner to maximize the number of units sold to each customer?
a. Lower the price on the first unit. b. Lower the price on each additional unit after the first. c. Increase the number of substitutes offered at the same price. d. Increase the number of substitutes offered at a higher price.
The Federal Reserve affecting the supply of money is known as
A. growth policy. B. supply side policy. C. monetary policy. D. fiscal policy.