Key features of the American labor market in the postwar period include all of the following except:
a. the growth of service sector employment.
b. increased labor force participation rate of women with young children.
c. steadily increasing union membership.
d. the erosion of discriminatory barriers for women and minority members.
c. steadily increasing union membership.
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A good is nonrivalrous in consumption if
A. its consumption by one person does not reduce its consumption by others. B. its consumption by one person reduces its consumption by others. C. it is possible, or not prohibitively costly, to exclude someone from receiving the benefits of the good once it has been produced. D. it is impossible, or prohibitively costly, to exclude someone from receiving the benefits of the good once it has been produced. E. a and d
The tax with the minimum excess burden of taxation is most desirable from an efficiency standpoint because _____
a. it suggest that people substituted away from the tax by a considerable amount b. it minimizes tax shifting c. it produces the least social cost per dollar of revenue raised d. it will raise the most revenue for government
A country that fixes a price for its currency that is below the market price will:
A. decrease its money supply. B. eventually increase the value of its currency. C. lose official reserves. D. accumulate official reserves.
The transactions demand for money is
a) positively related to aggregate income b) positively related to interest rate c) negatively related to the price level d) all of the above