Among jobs that you like, you would be wise to choose a job in a field in which:
A. labor supply and labor demand are both decreasing.
B. labor supply is increasing while labor demand is decreasing.
C. labor supply is decreasing while labor demand is increasing.
D. labor demand and labor supply are both increasing.
Answer: C
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In 1975 tuition at Wattsomata University was $2,500 and the consumer price index was 80 . In 2011 tuition was $12,000 and the price index was 320 . Which of the following is correct?
a. Nominal and real tuition were both higher in 1975. b. Nominal and real tuition were both higher in 2011. c. Nominal tuition was higher in 1975, real tuition was higher in 2011. d. Nominal tuition was higher in 2011, real tuition was higher in 1975.
Examples of monopolistically competitive industries in which firms differentiate their products by offering them at more locations include all of the following except:
A. restaurants. B. video rental stores. C. retail clothing stores. D. wheat farms.
Age is a determinant of income because
A) with age typically come experience, education, and training that can increase income. B) age contributes to costs as medical expenses increase. C) older workers have accumulated more wealth. D) older workers have accumulated less wealth.
The central role of ________ in a market economy is bringing together savers and borrowers
A) sole proprietors B) financial intermediaries C) stock exchanges D) corporations