One reason education expenditures are increasing is that a larger percentage of resources are now being used on _____ expenditures
a. teacher aide
b. non-classroom
c. teacher salary
d. textbook
b
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The industry demand curve for labor is the
A) horizontal sum of individual firm labor demand curves. B) vertical sum of individual firm demand curves. C) representative firm's demand curve multiplied by the number of firms. D) none of the above
When the Federal Reserve sells U.S. government securities on the open market, this tends to ____ banks reserves and ______ the money supply.
A. raise; raise B. lower; lower C. raise; lower D. lower; raise
The Celler-Kefauver Act of 1950:
A. extended antitrust legislation to proprietorships and partnerships. B. made it illegal to monopolize a market. C. outlawed asset-purchase mergers that would substantially reduce competition. D. outlawed price discrimination for the purpose of reducing competition.
Some economists believe that the market will not solve all problems. They are referring to:
A. optional policy. B. market incentive plans. C. the need to balance the good of the individual with the good of society as a whole. D. market failure.