Occupational licensing
a. provides access to employment opportunities for many new workers
b. typically benefits employees in the licensed occupation
c. enables the supply curves of labor to shift more readily in response to wage changes
d. is illegal in the United States
e. usually results in higher employment levels in the licensed occupation
B
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The figure above shows the demand for fruit snacks. Which movement reflects how consumers would react to an increase in the price of a non-fruit snack?
A) from point a to point e B) from point a to point b C) from point a to point c D) from point a to point d
The Land Ordinances of 1785 and 1787 included provisions for all of the following except:
a. surveys prior to sale of Western land. b. the number of states that could be created from the Northwest Territory. c. guidelines for the eventual creation of Western states. d. sale of the land in plots of one square mile. e. All of the above were provisions of the ordinances.
Roads can be considered either public goods or common resources, depending on how congested they are
a. True b. False Indicate whether the statement is true or false
In the circular-flow diagram,
a. firms are buyers in the markets for goods and services. b. households are sellers in the markets for the factors of production. c. firms are sellers in the markets for factors of production and in the markets for goods and services. d. dollars that are spent on goods and services flow directly from firms to households.