Currently, union membership in the United States is about what percentage of civilian employees?
A. 10 percent.
B. 15 percent.
C. 20 percent.
D. 25 percent.
Answer: A
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If the United States imposes a tariff on imported cars, the
A) U.S. demand curve shifts rightward. B) U.S. demand curve shifts leftward. C) U.S. supply curve shifts rightward. D) the price in the United States rises but neither the U.S. demand curve nor the U.S. supply curve shift.
In a perfectly competitive market with 1,000 firms, each demanding 50 laborers at a wage rate of $5 per hour, the quantity demanded of labor by the industry producing for this market at this wage is
a. 25,000 workers b. 50,000 workers c. 250,000 workers d. 5,000 workers e. insufficient information to determine the quantity
Which of the following statements accurately describes the situation shown?
a. The short-run equilibrium differs from the long-run equilibrium at full employment.
b. The economy is in a recession.
c. The actual real GDP is the same as the potential real GDP at full employment.
d. The economy is experiencing stagflation.
Approximately what percentage of state spending goes to finance education?
A. 36. B. 44. C. 47. D. 53.