Which of the following statements is true of the school voucher program in the U.S.?
A. Both Republicans and Democrats advocate against the school voucher program.
B. Democrats prefer the school voucher program, whereas the Republicans do not.
C. Both Republicans and Democrats prefer the school voucher program.
D. Republicans prefer the school voucher program, whereas the Democrats do not.
Answer: D
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Wages and salaries are examples of:
A. consumption. B. labor income. C. profits. D. capital income.
California is the sole producer of almonds in the United States. Suppose the price for a pound of almonds has increased during the past year. It is also predicted that almond prices will remain high. Over time, we predict that the
A) elasticity of supply will increase. B) elasticity of supply will decrease. C) elasticity of supply will remain constant. D) elasticity of supply will increase and then decrease.
Calculate the average, for each country of kiwi harvest
What will be an ideal response?
The slope of a budget line reflects the:
A. elasticity of demand for the two products. B. price ratio of the two products. C. amount of the consumer's income. D. utility ratio of the two products.