When services are provided and financed by local rather than higher levels of government and people can move freely among governmental units,
What will be an ideal response?
competition among governmental units will help residents get more for their tax dollars.
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Using the data in the above table, the labor force is ________ million
A) 215 B) 120 C) 125 D) 165
Everything else equal, as increase in investment in physical and human capital will mean lower living standards in the present, because the opportunity cost of investment is foregone consumer goods
a. True b. False
An "increase in the quantity supplied" suggests a:
A. Rightward shift of the supply curve B. Movement down along the supply curve C. Movement up along the supply curve D. Leftward shift of the supply curve
Explain why a consumer may be willing to drive 20 miles to save 10% on a $3 gallon of milk, but is not willing to drive the same 20 miles to save 3% on a $500 refrigerator.
What will be an ideal response?