Most public school teachers are
A. members of a union, with pay determined by a scale recognizing only teacher quality.
B. members of a union, but must negotiate their pay as individuals.
C. members of a union, with pay determined by a scale recognizing only length of service and educational attainment.
D. free agents, negotiating their salaries each year as individuals.
Answer: C
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Nick consumes two goods, chips and lemonade. Located on the x-axis is the quantity of chips and on the y-axis is the quantity of lemonade. The magnitude of the slope of the budget line equals the
A) price of lemonade. B) price of chips. C) price of chips/price of lemonade. D) price of lemonade/price of chips.
How is tax incidence important in tax policy in developing countries?
What will be an ideal response?
If the percent is 5%
What will be an ideal response?
If a price ceiling were established above the equilibrium price,
A) it would have no effect on the quantity demanded. B) it would create a shortage. C) it would create a surplus. D) none of the above.