The payments system is
A) the method of conducting transactions in the economy.
B) used by union officials to set salary caps.
C) an illegal method of rewarding contracts.
D) used by your employer to determine salary increases.
A
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Which of the following statements is not true?
a. growing employment in retailing and restaurants contributes to the wage decline of high school graduates. b. the decline in union membership has contributed to income inequality. c. the increased use of technology in manufacturing has increased income inequality. d. since service industries are less likely to use technology, they are more likely to be unionized.
If a demand curve shifts rightward, this means
A) quantity demanded is greater only at one particular price. B) quantity demanded is greater at every price. C) buyers are willing and able to purchase more of the good at every price. D) buyers are willing and able to purchase less of the good at every price. E) b and c
Jane pays the market price of $69 for a new pair of running shoes, even though she would be happy to pay a maximum of $100 for the same pair of shoes. This is an example of the concept of
A. price ceilings. B. producer surplus. C. consumer surplus. D. full economic prices.
Voluntary export restraints (VER):
A. have the same effect as an import ban. B. are illegal under the international trading rules. C. violate the spirit of international trade agreements. D. All of these