An unexpected ________ in inventories has ________ effect on future production.
A. increase; no
B. increase; a positive
C. decrease; a positive
D. decrease; no
Answer: C
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All of the following questions or statements regarding medical school are positive except:
A) How do changes in expected future incomes affect the decisions of medical students about which specialty to choose? B) What role does tuition play in a student's decision about whether to attend medical school? C) Have tuition increases had a large effect or a small effect on the number of applications to medical school? D) Medical students who enter specialized fields make a larger contribution to society than do student who enter primary care.
Over the course of recent years, the college premium has ________
A) remained essentially unchanged B) risen C) fallen D) excluded civilians from calculations of the labor force
The problem of dead capital can be eliminated by
A) changing the structure of import tariffs. B) increasing the labor force participation rate. C) making it easier for people to establish legal ownership of productive capital. D) restricting population growth.
Suppose the demand curve for corn is inelastic between the current price and price that exists after the supply of corn falls. It follows that
A) fewer farmers are producing corn at the new price than at the old price. B) the total revenue for corn is lower at the new price than at the old price. C) the total revenue for corn is higher at the new price than at the old price. D) more farmers are producing corn at the new price than at the old price. E) a and c