Which of the following is least associated with union jobs and contracts?
A. high-skilled workers
B. both private and public sectors jobs
C. jobs in industries that are controlled by just a few firms
D. a large population of black workers
E. a large population of immigrant workers
Answer: E
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Under the U.S. Constitution, individual states
(a) have no power. (b) control laws regulating state businesses. (c) benefit from the ability to borrow from other countries to finance taxes due to the central government. (d) regulate trade with foreign countries conducted in and by the state.
Tommy's Tires operates in a perfectly competitive market. If the market price equals $50 per tire and ATC = $60 per tire at the profit-maximizing level of output, then in the long run
a. more firms will enter the market b. the market supply curve will shift to the right c. the equilibrium price per tire will fall d. average total costs will rise e. the market supply curve will shift to the left
Bacon is used to produce bacon cheeseburgers, and the price of bacon decreases. In the market for bacon cheeseburgers you would expect that
A. the supply of bacon cheeseburgers would decrease and the price of bacon cheeseburgers would increase. B. the supply of bacon cheeseburgers would increase and the price of bacon cheeseburgers would decrease. C. the demand for bacon cheeseburgers would decrease and the price of bacon cheeseburgers would fall. D. the demand for bacon cheeseburgers would increase and the price of bacon cheeseburgers would increase.
A hike in the federal funds rate results in ________ in the real interest rate which leads to a ________ in investment
A) an increase; a decrease B) a decrease; a decrease C) a decrease; an increase D) a decrease; no change E) an increase; an increase