In the figure above, at the allocatively efficient level of computer production consumers are willing to give up
A) 0 televisions per computer.
B) between 0 and 3 televisions per computer.
C) 3 televisions per computer.
D) more than 3 televisions per computer.
C
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One role that markets play is
A. to allocate resources. B. provide revenues for governments to spend. C. distribute income equally. D. provide for all human wants.
The largest expenditure component of the federal budget is spending on
A) the military. B) foreign aid. C) environmental protection programs. D) entitlement programs.
Based on the above, which figure shows the impact of a decrease in the population available to work?
A) Figure A B) Figure B C) Figure C D) Figure D
Data on education and earnings reveal:
A. negative age-earnings profiles for male workers. B. no relationship between the two. C. a positive relationship between the two. D. a negative relationship between the two.