The largest component of U.S. federal spending that contributes to the U.S. government budget deficit is
A. salaries of government employees.
B. interest expenses.
C. entitlements.
D. military spending.
Answer: C
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In an economy, 40 million people are employed, 2 million are unemployed, and 8 million are not in the labor force. What is the labor force participation rate?
A) 83 percent B) 84 percent C) 80 percent D) 87.5 percent
The typical firm in many industries has become ________ over the past 100 years, and efficiently organizing production has become ________
A) larger; easier B) larger; more difficult C) smaller; easier D) smaller; more difficult
Increase in the number of transactors makes it difficult to negotiate private agreements for environmental goods
a. True b. False Indicate whether the statement is true or false
(I) Differences in worker productivity are one major reason why individual earnings differ.
(II) Even if all workers were identical, differences in the desirability of jobs would still cause earnings differentials. a. I is true; II is false. b. Both I and II are false. c. Both I and II are true. d. I is false; II is true.