Which of the following statements is not true?
a. growing employment in retailing and restaurants contributes to the wage decline of high school graduates.
b. the decline in union membership has contributed to income inequality.
c. the increased use of technology in manufacturing has increased income inequality.
d. since service industries are less likely to use technology, they are more likely to be unionized.
d. since service industries are less likely to use technology, they are more likely to be unionized.
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In a balance of payments statement, the current account plus the financial account must equal the capital account
Indicate whether the statement is true or false
Refer to the scenario above. The future value of the initial deposit after one year is:
A) $300. B) $1,000. C) $1,300. D) $2,300.
Consider a situation in which the government has limited information about costs and benefits of pollution abatement associated with a given industry
However, it is known that the marginal social cost curve for emissions is much steeper than the marginal cost of abatement curve (in absolute terms). In this situation, which method of emissions control is preferable when the greatest concern is with accuracy of control rather than the cost of control? That is, should a fee be used or should a standard be used? Explain.
Between 1988 and 1989, the price of retail space in Ginza, Tokyo's premier commercial and entertainment center, rose from $400 to $625 per square foot. This was the result of an increase in demand in the face of a perfectly inelastic supply curve for retail space. Economists call this
a. monopoly profit. b. economic rent. c. usury. d. marginal revenue product.