Workforce quality can be improved by
a. years of education.
b. on-the-job training.
c. workplace learning.
d. all of the above.
d
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If firms in monopolistic competition are earning economic profits, then
A) they can expect to earn the profits indefinitely. B) new rivals enter the industry, and the demand for any seller's good decreases. C) the market demand becomes more inelastic. D) the industry is in long-run equilibrium. E) new rivals enter the industry, and the demand for any seller's good increases.
U.S. financial crises begin in a period of ________
A) rising incomes B) adverse selection C) rising uncertainty D) moral hazard
The distribution of income among African-American families is more even than it is for the population as a whole
a. True b. False
Longer-term forecasts of the U.S. budget, a decade or more into the future, predict
a. small surpluses. b. enormous surpluses. c. small deficits. d. enormous deficits.