Nominal federal spending is a
a. good indicator of how responsibility the federal government is
b. good indicator of the overall economy's performance
c. measure of the public's concern for the educational needs of the country
d. warning sign that our governmental officials are sometimes out of control
e. misleading measure of government's effect, unless it is seen in the context of the country's income
E
You might also like to view...
In larger markets, the quest for profit by firms motivates them to be innovative and produce new and more appealing products
Indicate whether the statement is true or false
In the figure, when the real wage rate is $10 an hour, ________
A) a shortage of labor exists and the real wage rate will rise B) the demand for labor will increase C) the demand for labor will decrease D) a surplus of labor exists and the real wage rate will fall
If an up-scale jewelry maker sells its products to retailers with the explicit condition that the retailers may not resell the products below a specified price, this is an example of ________.
A) monopolization B) market division C) price fixing D) resale price maintenance
The major labor market problem in the United States is ________ and in Western Europe the problem is ________.
A. increasing wage inequality; increasing wage inequality B. increasing wage inequality; high persistent unemployment C. high persistent unemployment; low average wages D. high persistent unemployment; increasing wage inequality