The circular flow model shows the government purchasing goods and services with tax dollars
Indicate whether the statement is true or false
F
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Compared to a monopsony, a perfectly competitive labor market results in a
A) higher wage rate and more workers hired. B) higher wage rate and fewer workers hired. C) lower wage rate and more workers hired. D) lower wage rate and fewer workers hired.
If pollutants emitted by firms in the steel industry increase, but there is no increase in the costs borne by these firms, you could conclude that
a. pollution is not a serious problem in this industry. b. the consumers of steel are unwilling to bear the costs of pollution generated from steel production. c. pollution is an externality in this market, since producers and purchasers of steel do not bear the full costs of the pollution. d. pollution creates an external benefit rather than an external cost in this case.
Grant Gant was a doctor in 1944 and earned $12,000 that year. His daughter, Gretta Gant, is a doctor today and she earned $210,000 in 2005. The price index was 17.6 in 1944 and 184 in 2005.
Grant Gant's 1944 income in 2005 dollars is a. $1,147.83. b. $113,454.55. c. $125,454.55. d. $1,996,800.00.
Where does semen go immediately after passing through the ejaculatory ducts?
A. Epididymis B. Outside the body C. Urethra D. Vas deferens