If someone steals your car, you take the claim to the
A. FBI.
B. police.
C. civil courts.
D. criminal courts.
Answer: C
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One reason the supply of carpenters is greater than the supply of physicians is because:
a. carpenters demand less income. b. physicians do not belong to a union. c. of differences in human capital. d. carpenters belong to unions.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The economy is currently at Point B. The opportunity cost of moving from Point B to Point A is the
A. 120 LCD TVs that must be forgone to produce 20 additional OLED TVs. B. 30 LCD TVs that must be forgone to produce 40 additional OLED TVs. C. 20 OLED TVs that must be forgone to produce 30 additional LCD TVs. D. 40 OLED TVs that must be forgone to produce 120 additional LCD TVs.
Assume that in the market for bottled water, the market supply is QS = 14 + 20P and the market demand is QD = 74 – 10P. This means that the equilibrium quantity is
a. 2 b. 54 c. 6 d. none of the above
Demand-pull inflation persists because of
A) continuing increases in government expenditures. B) continuing increases in the quantity of money. C) continuing increases in the real wage rate. D) continuing decreases in the money wage rate. E) continuing increases in aggregate supply.