Use the following figure to answer the next question.
If box E represents government, box C businesses, box D the resource market, and box B the product market, then government hiring of teachers, soldiers, police, and judges would be illustrated by arrows
A. 5 and 6.
B. 9 and 10.
C. 10 and 11.
D. 7 and 8.
Answer: A
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The Keynesian labor supply function is shown as
a. Ns = g(W/P). b. Ns = g(P/W). c. Ns = t(W/Pe). d. Ns = t(Pe/W).
Dobson Construction has an investment project that would cost $150,000 today and yield a one-time payoff of $167,000 in three years. Among the following interest rates, which is the highest one at which Dobson would find this project profitable?
a. 5 percent b. 4 percent c. 3 percent d. 2 percent
As it relates to the political process, the principal-agent problem results from the:
A. negative externalities that are created by some policy actions. B. political rules that encourage elected officials to engage in unethical and illegal behavior. C. inconsistency between voters' interest in programs and politicians' interest in reelection. D. paradox of voting.
Suppose you are given a rare antique by a long-lost relative. The value of this rare antique would be included in which of the following types of wealth?
A) financial wealth B) housing wealth C) human wealth D) none of the above