Which one of the following would not affect the position of the supply curve for cranberries?
A. the popularity of cranberry drinks
B. the cost of fertilizers for cranberry production
C. the number of sellers in the market
D. development of a new pest control for cranberries
Answer: A
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"Brain-drain" refers to the:
A. Relatively low levels of human capital in low-income countries B. Impact of migration on human capital levels in high-income countries C. Emigration of highly educated workers to higher income countries D. Inability of workers in low-income countries to achieve the levels of human capital possessed by workers in high-income countries.
Which of the following actions may be explained by the law of small numbers?
A) People buy lottery tickets. B) People buy air travel insurance. C) People purchase extended or long-term warranties or maintenance contracts for new automobiles and appliances. D) all of the above
A 2.9 percent payroll tax (1.45 percent levied on both the employee and the employer) imposed on current workers is used to finance the
a. Medicaid program that provides healthcare for the poor. b. hospitalization costs of Medicare beneficiaries. c. cost of physician services supplied to the elderly. d. healthcare costs of both the elderly and the poor.
Which definition(s) of the money supply include(s) only items which are directly and immediately usable as a medium of exchange?
A. M1 B. M2 C. Neither M1 nor M2 D. M1 and M2