Painters who paint water towers earn higher wages relative to painters who paint houses because
A) painting water towers is more risky than painting houses.
B) the tower painters' union is probably more powerful than the house painters' union.
C) the demand for tower painters is greater than the demand for residential painters.
D) the supply of water tower painters exceeds the supply of house painters.
A
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Ceteris paribus, how does an expansion in the United States affect U.S. net exports?
What will be an ideal response?
Health Bars is considering a two-year advertising campaign. The campaign will cost $50,000 at the end of the first year and $60,000 at the end of two years. The managers of Health Bars have estimated that the campaign will generate $40,000 a year in additional profit for the next three years. If the discount rate is 5 percent, what is the net present value of the advertising campaign?
A) $6,889 B) $2,542 C) $12,582 D) $5,200
Individual employment and training programs are levers most likely to be advocated by:
A. Classical economists. B. New classical economists. C. Keynesians. D. Supply-side economists.
If there was a conspiracy to fix prices, but the conspiracy did not succeed, the government can still take the conspiring firm to court for improper conduct. This situation would be an example of:
A. The rule of reason B. A cease-and-desist order C. A per se violation D. Tying contracts