According to one research study focusing on Indonesia, actions by nongovernmental organizations are ___________ than importing countries' threats to raise tariffs.
a. less effective in raising wages and limiting declines in employment
b. more effective in raising wages and limiting declines in employment
c. less effective in raising wages but more effective in limiting declines in employment
d. more effective in raising wages but less effective in limiting declines in employment
Ans: b. more effective in raising wages and limiting declines in employment
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Suppose a graph is drawn to show a consumer's preferences for football tickets and basketball tickets. The quantity of football tickets is measured on the horizontal axis
If the price-consumption curve is horizontal when the price of football tickets changes, then A) football tickets are an inferior good. B) the demand for football tickets is perfectly elastic. C) the demand for football tickets is unit elastic. D) the demand curve for football tickets will be horizontal.
Explain: “The land value tax is the economist’s ideal; it is neutral in its economic effects.”
What will be an ideal response?
Unlike colonial America, there are no government restrictions on business activities and practices today
Indicate whether the statement is true or false
Refer to Scenario 17.1. If the threshold educational level y* is set at 7,
A) only individuals in Group A will attain it. B) only individuals in Group B will attain it. C) individuals in both groups will attain it. D) no individuals will attain it. E) some fraction of individuals in each group will attain it.