Compensating differences in wages, pay workers for:
A. differences in worker training and skills.
B. differences in the nonmonetary characteristics of jobs.
C. geographic immobility.
D. discrimination in hiring and firing.
Answer: B
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Which of the following statements is true?
A) Monopolists are price makers. All other firms are price takers. B) Unlike other firms, a monopolist's demand curve is the same as the market demand curve. C) Only monopoly firms are granted patents and copyrights. D) Unlike other industries, monopoly industries have high barriers to entry.
Nongovernmental organizations
a. provide aid from private sources b. help administer some government aid c. are often able to address sensitive issues that government agencies cannot d. are important sources of disaster relief funds e. all of the above
All else equal, if individuals save less because inflation lowers returns on savings, this should ________ the supply of loanable funds and ________ the capital stock
A) increase; raise B) increase; reduce C) decrease; raise D) decrease; reduce
The target population for government spending on space is everyone
Indicate whether the statement is true or false