Over the last 30 years in the United States, the black-white earnings ratio for women has ________ and for men has ________.
A. steadily increased; been relatively flat
B. steadily increased; steadily increased
C. been relatively flat; steadily increased
D. been relatively flat; steadily decreased
E. steadily increased; steadily decreased
Answer: C
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The free-rider problem with a public good leads to
A) inefficiency if the good is provided by only private markets with no government action. B) overproduction if the good is provided by private markets. C) underproduction if the good is provided by the government. D) None of the above answers is correct.
How might unemployment insurance increase the efficiency of labor markets and the economy? How might it reduce the efficiency of labor markets and the economy?
What will be an ideal response?
In October 2012, the largest liability of the Fed was
A) currency in circulation. B) reserves. C) discount loans to banks. D) vault cash.
The first step in gradualism is
a. the privatization of larger industrial sectors b. the phasing out of money-losing enterprises c. large industrial enterprises quickly finding market-clearing prices d. the thriving of small-scale capitalism e. state-owned enterprises running more like businesses to maximize profit