On-budget expenditures:
What will be an ideal response?
all federal expenditures that rely
on general tax revenue subject to congressional approval
each year
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Use the following graph (where L is the quantity of labor) to answer the next question.
It shows a firm that buys its inputs and sells its output in competitive markets. If the firm develops a new technology that increases labor productivity, the equilibrium level of employment for this firm is expected to be
A. higher than L0. B. L0. C. lower than L0. D. zero.
Over the last 50 years, how has the women's labor force participation rate changed? What are reasons for this change?
What will be an ideal response?
While taxing inelastic goods minimizes social costs from taxation, it frequently conflicts with traditional notions of fairness
a. True b. False
Poor nations typically have a competitive advantage in agricultural goods because of
A. Plenty of land. B. Low labor costs. C. High productivity. D. Entrepreneurial incentives.