Government outlays
What will be an ideal response?
total government expenditures,
including spending on goods and services and transfer payments
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Skill-biased technological change increases wage inequality by altering the ________ high-skilled workers relative to low-skilled workers.
A. reservation price of B. supply of C. demand for D. mobility of
The U.S. Securities and Exchange Commission ________
A) oversees lending policies at commercial banks B) directs credit to underserved segments of the financial sector C) promotes transparency in direct finance transactions D) advises households and businesses on the best companies in which to invest
When marginal utility begins to diminish, total utility always diminishes
a. True b. False Indicate whether the statement is true or false
Jewelry workers and maintenance workers both get paid $4 an hour. Their supply curves are identical. The demand curve for jewelry workers is more elastic than the demand curve for maintenance workers. An increase in the minimum wage to $5.25 an hour will create
a. greater unemployment among jewelry workers than maintenance workers b. greater unemployment among maintenance workers than jewelry workers c. a shortage of jobs among maintenance workers d. a shortage of jobs among jewelry workers e. a wage differential between the two sets of workers