Today, the share of union membership among public sector workers in the United States is
A) more than twice the share of union membership among private sector workers.
B) zero.
C) less than half of the share of union membership among private sector workers.
D) the same as the share of union membership among private sector workers.
A
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Explain what the phrase "price rationing" means
What will be an ideal response?
If the government implements a price ceiling on insulin, this will have all of the following effects on the market for insulin except
A) an increase in deadweight loss. B) a decrease in producer surplus. C) a more efficient equilibrium. D) a decrease in economic surplus.
One way to tell if a nation's economic and political ideologies have promoted economic growth is:
a. To see if real GDP in the nation has grown faster than the real GDP in nations with substantially different ideologies. b. To take a poll that asks people on the street how they feel about the economy and their government. If they are generally satisfied with their living standards and say they like their government, then the ideology must have a positive influence. c. To rank order the countries having both positive economic growth and balance of payments surpluses and then to see if the top nations have similar or different ideologies. d. To see if there is any part of the change in real GDP that is not explained by changing inputs. e. None of the above.
In 2000, farmers in the United States represented approximately what percentage of the population?
A) 8 percent B) 25 percent C) 1 percent D) 5 percent