The U.S. Bureau of Labor Statistics forecasts that by 2024, total employment in U.S. ________ will decline to 11.4 million

A) manufacturing
B) education
C) health care fields
D) law enforcement


Answer: A

Economics

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Economics does not study correct or incorrect behaviors but rather it assumes that economic agents behave ________, meaning they make the best decisions given their knowledge of the costs and benefits

A) emotionally B) equitably C) selfishly D) rationally

Economics

If X transferable emissions permits are issued and there are n potential polluters,

A) the government must initially assign each of the potential polluters X/n permits. B) the government must assign X/n permits to each potential polluter and check periodically that those permits have not moved. C) emissions will be the same whether or not the permits are split equally, so long as none of the permits are issued outside the group. D) emissions will be the same no matter who receives them first, so long as the recipient is willing and able to participate in the permit market. E) emissions will be less if the permits are given initially to firms with lower abatement costs.

Economics

If the productivity of labor falls, its MPP will _____ and its MRP will _____.

A. rise; rise B. fall; fall C. rise; fall D. fall; rise

Economics

According to the Zuckerberg, Seacrest, and Swift illustration:

A. Zuckerberg, Seacrest, and Swift did not weigh marginal benefits against marginal costs when making decisions. B. Attending college has little effect on lifetime earnings. C. Zuckerberg, Seacrest, and Swift made a mistake by not attending college. D. Opportunity costs vary greatly between individuals and matter in decision making.

Economics