Undesirable job features lead to a ________ labor ________.
A. lower; demand
B. higher; demand
C. lower; supply
D. higher; supply
Answer: C
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Rent seeking is devoted to the creation of
A) monopolies. B) competitive industries. C) human capital. D) more elastic demand.
The marginal utility of a second copy of today's New York Times is
a. infinite b. practically zero c. positive and greater than the marginal utility of the first copy d. equal to the marginal utility of the first copy e. 50 cents
Poverty is a mainstream event experienced by a majority of Americans
a. True b. False Indicate whether the statement is true or false
Which of the following correctly describes the difference between M1 and M2?
a. M1 includes currency, coins, gold and silver, whereas M2 does not contain gold and silver. b. M1 is made up of currency, traveler's checks, and money in checkable accounts, whereas M2 contains M1 plus savings deposits, small-denomination time deposits, and money market mutual funds. c. M1 is limited to currency, whereas M2 contains M1 plus travelers checks and money in checkable accounts. d. M1 includes currency and traveler's checks, whereas M2 contains M1 plus money in checking accounts.