Which part of the United States has the largest union membership measured as the percentage of civilian employees in unions?
A. south-western states
B. western states that do not border the Pacific Ocean
C. south-eastern states
D. mid-western states
Answer: D
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The following diagram shows the rate of inflation each year during a five-year span. Use this diagram to answer the next question.
In which year are people on fixed incomes hurt the most?
A. Year 2 B. Year 3 C. Year 4 D. Year 5
Fixed costs do not vary as output changes.
Answer the following statement true (T) or false (F)
In economics we assume that the goal of a firm is to
A. maximize total sales. B. maximize economic profits. C. maximize costs. D. maximize revenue.
________ are non-excludable in consumption
A) Public goods and private goods B) Public goods and common pool resources C) Private goods and club goods D) Club goods and common pool resources