The burden of a tax is placed entirely on the buyers of a good when the demand for the good is _____
a. perfectly inelastic
b. perfectly elastic
c. unit elastic
d. relatively elastic
a
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A right-to-work law makes it illegal
A) to prevent union members from working in any firm. B) to fire a worker who has joined a union or who tries to organize a union at any firm. C) to inquire whether a prospective employee is a member of a union or not. D) for union membership to be a requirement for continued employment in any firm.
Recognizing the incentive power of property rights and markets, some of the most die-hard central planners are now allowing
a. more influence from custom or religion b. family relations to play significant roles c. a role for markets d. communal ownership of property e. inefficient use of resources
Advocates of activist policy making point to the swift response of the Fed after September 11, 2001, as an example of effective policy making
a. True b. False Indicate whether the statement is true or false
A manager of a small firm who believes in the signaling theory of education would encourage her employees to obtain additional education to raise their on-the-job productivity
a. True b. False Indicate whether the statement is true or false