Which of the following is a common resource?
a. Golden retrievers
b. Jersey cows
c. Domestic cats
d. Panda bears
d. Panda bears
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If national laws protecting the health and safety of workers completely eliminate any and all risk, then
A) more people would be employed. B) workers in risky occupations become better off. C) compensating differentials would grow because workers could not be compensated by being given lower risk jobs. D) compensating wage differentials disappear and workers in risky occupations may be no better off.
Although a LoJack benefits the community as a whole by lowering the incidence of theft, an individual car owner may prefer not to install it
Indicate whether the statement is true or false
Refer to the above diagram, which shows three demand curves for coffee. Which would cause the change in the quantity of coffee demanded illustrated by the shift from point a to point b?
A. A decrease in the price of coffee B. A decrease in the price of sugar C. An increase in consumer incomes D. An increase in the price of tea
U.S. net exports fall due to recessions in foreign countries. A. According to the aggregate demand and supply model, what happens to the price level and output in the short run? B. According to the short-run Phillips curve what happens to inflation and unemployment in the short run? C. If the Fed wanted to reverse the effects of this shock on output, what should it do?