The principle of “comparable worth” asserts that people with comparable, if not identical, skills and responsibilities should receive the same pay. If this principle were to become law, it would tend to
A. reduce the problem of the “cost disease of services.”
B. exacerbate the problem of the “cost disease” of the service sector.
C. be irrelevant to the “cost disease” problem.
D. eliminate the problem of externalities.
Answer: B
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The above figure shows the demand curve for movie rentals from Redbox. At which of the following prices is the demand unit elastic?
A) $5.00 B) $3.50 C) $2.50 D) $0.00
An important determinant of a nation's standard of living in the long run is its net exports
Indicate whether the statement is true or false
When policymakers make decisions in response to a pre-specified rule, they are undertaking
A. discretionary policy. B. passive policy. C. irrational policy. D. active policy.
Exports of U.S. rice to Japan tend to
A. help Japanese consumers and harm Japanese rice producers. B. help U.S. consumers and harm U.S. rice producers. C. help U.S. consumers and harm Japanese rice producers. D. harm U.S. consumers and help Japanese rice producers.