Despite the monies spent by the federal and state governments, many observers believe which of the following?
a. public infrastructure such as bridges and roads is only adequate
b. our educational system is lacking
c. not enough monies are spent on homeland defense
d. all of these are correct
d
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If the price level falls by 5 percent and workers' money wage rates remain constant, firms'
A) quantity of labor demanded will decrease. B) quantity of labor demanded will increase. C) supply of jobs will increase. D) None of the above answers are correct.
Stewie enjoys watching DVDs and listening to his iPod. Suppose his utility function is given by U(D, I) = 3D + 4(D × I), where D is the number of hours he spends watching DVDs and I is the number of hours he spends listening to his iPod. Which of the following combinations will provide Stewie with the greatest amount of satisfaction?
A. 4 hours of watching DVDs and 8 hours of listening to his iPod B. 6 hours of watching DVDs and 6 hours of listening to his iPod C. 2 hours of watching DVDs and 10 hours of listening to his iPod D. 8 hours of watching DVDs and 6 hours of listening to his iPod
To be effective, a price ceiling must be below the market equilibrium price
Indicate whether the statement is true or false
The major problem with using strawberries as money is the problem of
a. homogeneity b. divisibility c. portability d. durability e. scarcity or abundance