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
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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.
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
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.
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.