Which statement is true?
A. President Eisenhower did not attempt to undo the legacies of the New Deal, such as Social Security and unemployment insurance.
B. There was a major tax increase in 1964.
C. A war in Vietnam and a "war on poverty" in the Johnson Administration helped to reduce the federal budget deficit.
D. None of the choices are true.
A. President Eisenhower did not attempt to undo the legacies of the New Deal, such as Social Security and unemployment insurance.
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If the demand for computers increases as consumers' incomes rise, then computers are:
A. a normal good. B. a complementary good. C. an inferior good. D. a substitute good.
The learning curve is graphically represented as a plot of:
A) labor per unit on the horizontal axis and total cost on the vertical axis. B) labor per unit on the horizontal axis and total number of units produced on the vertical axis. C) total cost on the vertical axis and total number of units produced on the horizontal axis. D) labor per unit on the vertical axis and cumulative number of units produced on the horizontal axis.
During 2001-2012, the federal budget deficit
a. expanded and real government spending increased rapidly, indicating that fiscal policy was restrictive. b. expanded and real government spending increased rapidly, indicating that fiscal policy was expansionary. c. declined and real government spending fell, indicating that fiscal policy was restrictive. d. declined and real government spending fell, indicating that fiscal policy was expansionary.
The difference between the earnings of construction workers who work on bridges and skyscrapers and those who work on highways is most likely due to
a. differences in education requirements. b. differences in unionization rates. c. a compensating differential. d. apprenticeship requirements.