At the state and local levels of the U.S. government, a majority of government employees work in which of the following areas?

A. Postal service.
B. Education.
C. Hospitals and other health care.
D. Police and corrections.


Answer: B

Economics

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The current cost of a market basket of goods is $9,000 . The cost of the same basket of goods in the base year was $3,000 . The current price index is:

a. 900. b. 300. c. 166. d. 33.

Economics

Related to the Economics in Practice on p. 455: If a retiree's pension is tied to the CPI, her monthly pension check would tend to grow ________ if the pension is tied to the ________ CPI.

A. slower; fixed-weight B. faster; fixed-weight C. faster; chain-linked D. The check would grow at the same rate regardless of the type of CPI to which it is tied.

Economics

Refer to Figure 3.4. Serena's dominant strategy is to play ________ and Austin's dominant strategy is to play ________

A) North; North B) South; South C) North; South D) Neither Serena nor Austin has a dominant strategy.

Economics

Indifference curve slopes upward from left to right because consumers always prefer more of a good to less

a. True b. False Indicate whether the statement is true or false

Economics