Quick conclusions about the behavior of SAT scores should be made with care because
A. more, and on average more academically capable, people take the exam now than years ago.
B. fewer, and on average less academically capable, people take the exam now than years ago.
C. fewer, and on average more academically capable, people take the exam now than years ago.
D. more, and on average less academically capable people, take the exam now than years ago.
Answer: D
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Labor costs account for approximately ________ of total production costs.
A. three-fourths B. half C. one-fourth D. one-third
Between the second quarter of 2006 and the first quarter of 2009, the value of housing wealth decreased by about $7 trillion.
Answer the following statement true (T) or false (F)
GDP provides substantial information about an economy's income distribution
a. True b. False Indicate whether the statement is true or false
The labor supply curve will shift to the right under which of the following conditions?
a. other things being equal, workers are willing to supply more hours of labor each week b. new workers enter the labor market c. a new law relaxes immigration quotas d. all of the above