The public sector includes state and local governments, as well as the federal government.
Answer the following statement true (T) or false (F)
True
In the United States the public sector includes the federal, state, and local levels of government, which collect taxes, employ workers, allocate money, regulate industries, and participate actively in the economy.
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A commitment is a form of strategy
Indicate whether the statement is true or false
Economic discrimination and prejudice
a. are synonymous. b. must both exist in statistical discrimination. c. often occur together. d. are mutually exclusive.
During a war, governments will sometimes draft people, most of whom are presently employed, into the army. An economist, computing the real cost of the war, would be sure to include which of the following items?
a. the value of the civilian goods no longer produced by the new soldiers b. the cost of feeding and clothing the new soldiers c. the dollar cost of the payroll d. the higher prices of civilian goods due to wartime shortages e. the cost of transporting the soldiers to combat
A television station reports that the price of orange juice has declined but the quantity sold has increased. This situation would be caused by a(n):
a. Increase in demand b. Increase in supply c. Decrease in supply d. Decrease in demand