A line item budget _____
a. groups expenditures by congressional district
b. groups expenditures by the goals they are trying to achieve
c. groups expenditures by the types of items that are purchased
d. groups expenditures by special interest
c
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Whenever the supply of a product decreases and the demand for the product increases,
a. the quantity exchanged in the market will increase. b. equilibrium price will rise. c. the quantity exchanged in the market will decrease. d. equilibrium price will fall.
Which is a good example of an increase in total factor productivity?
A) a tax cut B) good weather C) a company reducing its workforce D) better credit conditions
Which of the following would cause a rightward shift in the demand curve for gasoline?
I. A large increase in the price of public transportation. II. A large decrease in the price of automobiles. III. A large reduction in the costs of producing gasoline. A) I only B) II only C) I and II only D) II and III only E) I, II, and III
If an employment situation is characterized by adverse selection,
a. there are too many applicants for each job b. there are too few applicants for each job c. there are exactly the right number of applicants for each job d. there is an excess supply of overqualified applicants for each job e. there is an excess supply of underqualified applicants for each job