The experience of the Soviet Union proves that higher education
a. always leads to productivity increases.
b. always raises per capita GDP growth.
c. has different effects.
d. has positive effects.
c
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If a voter expects to have little effect on government choices, that voter's behavior will reflect
a. rational ignorance b. a cyclical majority c. rent seeking d. vote trading e. a zero-sum game
Which of the following are examples of job amenities?
a. a child-care center at work b. a pleasant view c. a workplace gymnasium d. all of the above
Economists who focus on long-run growth suggest that the government could lower taxes on labor income in order to increase employment
a. True b. False
Which statement is true?
A. Price is calculated by dividing output by total revenue. B. The lowest point on the short-run supply curve is at the break-even point. C. When price exceeds marginal cost, a profit-maximizing firm will decrease production. D. The marginal cost curve intersects the average total cost curve at the break-even point.