Which of the following is most likely to belong to a union?
a. a government employee
b. a salesperson
c. a chef at a four-star restaurant
d. a taxi driver
A
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Which of the following groups was Jefferson most trying to help in setting up the Land Ordinances?
(a) His friends, the land speculators (b) The urban proletariat (c) The small farmers (d) Fellow slave owners
When government intervenes in a competitive market by imposing an effective price ceiling, we would expect the quantity supplied to ________ and the quantity demanded to ________
A) fall; rise B) fall; fall C) rise; rise D) rise; fall
A major problem that may occur with models that predict the values of economic variables in the future is that
a. researchers are pessimistic about the future. b. the model may fail to acknowledge that economic actors will change their behavior in response to changing situations. c. the model may make predictions that conflict with widely held opinions. d. no one cares about these predictions.
Which of the following is considered a microeconomic issue?
A. France's growth rate in the last year. B. The unemployment rate in the US from 1980-2014. C. Apple releases a new version of the iPhone. D. All of these are examples of microeconomic issues.