For which type of job would you expect to see a compensating differential?
a. An accountant.
b. A police officer.
c. A senator.
d. A tele-marketer.
b. A police officer.
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Refer to Figure 4-10. Suppose that instead of a price ceiling, the government imposed a price floor of R1. What is the quantity of apartments demanded at the new price?
A) Q1 B) 0 C) Q0 D) Q*
According to the text, the highest 20 percent of U.S. income households earn about what percentage of total income today?
A) 10 percent B) 20 percent C) 50 percent D) 99 percent
Suppose that the income elasticity of demand for college education is 1.3 . This indicates that
a. college education is a necessity b. college education is an inferior good c. the demand curve for college education slopes downward d. college education is a normal good e. the demand curve for college education is horizontal
The most difficult type of merger to attack under the antitrust laws is the _________ merger
a. horizontal b. vertical c. conglomerate d. joint venture e. per se