The current percentage of the total work force represented by unions is approximately
A. 11%.
B. 25%.
C. 5%.
D. 35%.
Answer: A
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The budget line facing a household includes information on
a. prices of two goods and household income. b. household income and the price of money. c. the price of one good and household income. d. the price of two goods but no information on household income. e. preferences of goods at various prices.
The cartel consisting of Firm A and Firm B can become unstable if: a. the cost of production is identical for the two firms
b. the cost of production of Firm A is lower than that of Firm B. c. the cost of labor in the industry increases by 12 percent. d. both firms switch to a better method of production.
The American Recovery and Reinvestment Act cost an estimated how much?
a. $631 million b. $731 million c. $831 million d. $931 million
When the fall in consumer and producer surplus exceeds the gain in tax revenues, the result is _____.
a. lower prices b. more production c. a positive net gain to society d. a deadweight loss