Firemen generally are paid higher wages because
a. they are usually highly educated
b. they are usually working under riskier conditions
c. they are working long and uncertain hours
d. both B&C
d
You might also like to view...
When television commentators refer to "tax and spend" policy, they are referring to
A) monetary policy. B) the Federal Reserve policy. C) automatic stabilizers. D) fiscal policy.
Suppose the government's initial debt is $400 billion. If for the next three years the government runs deficits of $150, $125, and $200 billion, the government's additional debt at the end of the three years will be
A) -$50 billion. B) $50 billion. C) $475 billion. D) $900 billion.
In the short run, a price increase in the goods and services market measured by the CPI will:
A. increase the purchasing power of money. B. improve producer profits and, thereby, induce suppliers to expand output. C. increase resource prices, lower profits, and lead to a decline in output. D. reduce the natural rate of unemployment.
The merger of two pizza restaurant chains would be an example of
A) a horizontal merger. B) a vertical merger. C) a conglomerate merger. D) an independent merger.