Steve Ballmer organized government spending data on the basis of four "missions" for government that he identified in the preamble to the U.S. Constitution. The data
A) reinforces previously gathered data that most of the basic activities of government are conducted at the state and local levels rather than at the federal level.
B) reinforces previously gathered data that most of the basic activities of government are conducted at the federal level rather than at state and local levels.
C) contradicts previously gathered data that most of the basic activities of government are conducted at the state and local levels rather than at the federal level.
D) contradicts previously gathered data that most of the basic activities of government are conducted at the federal level rather than at state and local levels.
Answer: A
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The difference between the cost of production on a piece of land less the cost of production on marginal land is called
A. usury. B. profit. C. rent. D. interest.
If a resource has a perfectly elastic supply curve then its income is termed as:
a. economic rent. b. rental rate of capital. c. rental income. d. annuity. e. transfer earnings.
The Federal Reserve District Banks are owned by their ___________.
Fill in the blank(s) with the appropriate word(s).
Suppose the market for autoworkers is initially in equilibrium, but then suppose the automakers improve working conditions at the plants. What happens in the market for autoworkers?
A. The equilibrium wage rate and the equilibrium quantity of labor will both decrease. B. The equilibrium wage rate and the equilibrium quantity of labor will both increase. C. The equilibrium wage rate will increase and the equilibrium quantity of labor will decrease. D. The equilibrium wage rate will decrease and the equilibrium quantity of labor will increase.