Tolls for government turnpikes have features of a tax based on _____
a. the benefit principle
b. the ability-to-pay principle
c. the Ramsey rule
d. redistribution
a
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From the table above, which gives data about the U.S. labor market in 1933, the labor force participation rate is
A) 12 percent. B) 48 percent. C) 60 percent. D) 95 percent. E) 65 percent.
When there is only one buyer in a market, there is a
A) buyer's monopoly. B) monopoly. C) monopsony. D) buyer's cooperative.
An impartial observer who attempts to settle disagreements by listening to both sides separately and making suggestions is called a(n)
a. collective bargaining agent b. arbitrageur c. mediator d. binding negotiator e. judge
How will a decrease in price tend to affect supply? a. Supply will increase
b. Supply will decrease. c. Supply will not change. d. It is uncertain.