Advocates of comparable worth favor eliminating all differences in wage rates among employees of the same firm
a. True
b. False
B
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In response to a temporary increase in government spending, the representative consumer consumes
A) more and takes more leisure. B) more and takes less leisure. C) less and takes more leisure. D) less and takes less leisure.
In order to compute national income from GDP,
a. national income is first calculated, and then depreciation of capital and indirect business taxes are subtracted from it to get GDP. b. GDP is first calculated, and then gross private domestic investment is subtracted from it to get national income. c. GDP is first calculated, and then capital depreciation and proprietors' income are subtracted from it to get national income. d. GDP is first calculated, and then depreciation of capital is subtracted from it to get national income.
Most economists support the idea of peak-load pricing on the grounds of
A. fairness in income distribution. B. efficiency in input usage. C. equality of opportunity. D. efficiency in output allocation.
Which of the following groups would be most optimistic about the effects of economic growth?
a. Environmentalists b. Psychologists c. Economists d. All would be similar in their views