When a country imports more than it exports, it has a:
A. policy which forbids exportation.
B. zero trade balance.
C. trade deficit.
D. trade surplus.
Answer: C
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Recall the Application about the effects of increasing state level Earned Income Tax Credit (EITC) on child health in the United States to answer the following question(s).Recall the Application. Earned Income Tax Credit improves child health because:
A. it increases employment and hence, health benefits. B. it increases income resulting in higher health expenditures. C. it forces children to work so they can get health insurance. D. it increases employment and hence, health benefits and it increases income resulting in higher health expenditures are both correct.
How do labor unions influence wage rates?
What will be an ideal response?
Which of the following could explain a decrease in labor supply to a particular labor market?
a. an increased preference for this type of work b. a decrease in the size of the population c. an increase in the number of firms in the market d. a leftward shift of the marginal revenue product curve of labor at a typical firm e. a reduction in wages rates for similar types of work
When you buy an automobile, you can prevent others from gaining any benefit simply by denying them access to the automobile. In this sense, an automobile is a(n)
a. exclusive good b. rival good c. public good d. merit good e. nonexclusive good