Some nutritionists consider junk food or eating junk food an example of:
A. public goods.
B. merit goods or activities.
C. demerit goods or activities.
D. positive externalities.
Answer: C
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In growth theory, the change in a country's standard of living is measured by the change in
A) employment. B) the nation's capital stock. C) wages per person. D) real GDP. E) real GDP per person.
A normal good has a ________ income elasticity of demand and quantity demanded ________ as income rises
A) negative; increases B) negative; decreases C) positive; increases D) positive; decreases
Which government entity is charged with investigating and enforcing antitrust laws?
a. the U.S. Justice Department b. the U.S. Commerce Department c. the U.S. Treasury Department d. the Bureau of Alcohol, Tobacco, and Firearms
"Right-to-work" laws
A. make it harder for unions to organize. B. make it easier for unions to organize. C. have no effect on union organizing.