A consumer's total transportation cost includes all of the following except which one?
A) the value of the consumer's time spent in the store
B) the cost of a bus ticket to get to the store
C) the value of the consumer's time getting to and from the store
D) the value of the time the consumer's spends reading advertisements from the store
D) the value of the time the consumer's spends reading advertisements from the store
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All of the following describe trends in U.S. labor markets except:
A. a slowdown in real wage growth since the 1970s. B. substantial growth in real ages during the last century. C. substantial growth in the level of employment in the United States. D. growing wage equality in the United States in recent decades.
To eliminate a recessionary gap, the government can ________ government expenditures on goods and services or ________ taxes
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease E) increase; not change
The Smoot-Hawley tariff triggered a trade war during the Great Depression of the 1930s
Indicate whether the statement is true or false
People who need life-saving drugs cannot do without them and surely will be willing to pay very high prices for them. So why can't producers of life-saving drugs charge any price that they wish?
What will be an ideal response?