People acting in their own self interest is the basis of the
A) principle of voluntary exchange. B) principle of scarcity.
C) real-nominal principle. D) principle of supply and demand.
A
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One of the most significant developments in labor supply in recent times is the increase in the labor force participation of married women.
Answer the following statement true (T) or false (F)
What is an optimal decision?
Which of the following would decrease the size of a federal budget deficit?
a. a recession b. an increase in defense spending c. growth in real GDP d. a decrease in tax revenues e. an increase in transfer payments
The difference between the earnings of construction workers who work on bridges and skyscrapers and those who work on highways is most likely due to
a. differences in education requirements. b. differences in unionization rates. c. a compensating differential. d. apprenticeship requirements.