Refer to Figure 3-1. A decrease population would be represented by a movement from
A) A to B. B) B to A. C) D1 to D2. D) D2 to D1.
D
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A difference in wage rates that results from a difference in working conditions
a. is known as a compensating wage differential b. is known as an equalizing differential c. reflects a difference in marginal productivity d. reflects job-market discrimination e. will be eliminated if all labor markets are perfectly competitive
Strategic intent includes all of the following except
Mission Organizational moto Vision Organizational values
Deregulation:
A. tends to improve outcomes in industries generating substantial negative externalities. B. eliminates regulatory capture and can improve outcomes by increasing competition. C. is most appropriate to undertake by government agencies responsible for human safety, financial regulation, and environmental protection. D. always generates greater economic efficiency.
A politician says that the government should tax behavior they want less of and subsidize behavior they want more of. This is an example of
A. cynical behavior in modern democracies. B. a concern that people are not rational when they make decisions. C. failing to consider the alternatives available to the government. D. using incentives to alter behavior.