An increase in professors' salaries increases the supply of college education
a. True
b. False
B
Economics
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Producer groups tend to lobby for
A) price floors. B) price ceilings. C) quantity quotas. D) taxes.
Economics
Cash and other assets that are expected to be converted to cash within one year are called
a. short-term assets b. long-term assets c. short-term liabilities d. long-term liabilities e. current assets
Economics
The effect of union exclusion of nonunion workers is to
A. Increase the shortages of nonunion workers. B. Increase the surplus of union workers. C. Increase the number of jobs for nonunion workers. D. Reduce the wages of nonunion workers.
Economics
During recessions, changes in investment spending are the biggest contributor to changes in
a) retail sales. b) consumer spending. c) real GDP. d) personal income.
Economics