It required less labor time to buy a college education in 1995 than it did in 1965
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Explain the difference between minimum wage and subsidies as a way to help low-income people. Identify disadvantages of each.
What will be an ideal response?
During an economic contraction, automatic stabilizers:
A. increase both budget surpluses and deficits. B. reduce a budget surplus or increase a deficit. C. reduce both budget surpluses and deficits. D. reduce a budget deficit or increase a surplus.
Velocity will be constant if the demand for money with respect to the interest rate is
A. elastic, but not perfectly elastic. B. perfectly elastic. C. perfectly inelastic. D. unitary elastic.
An increase in a firm's scale of production leads to no change in average total cost as long as there are
A. negative returns to scale. B. diseconomies of scale. C. constant returns to scale. D. economies of scale.