Currently, college graduates are earning about ____ more than high school grads over the course of their careers
a. $100,000
b. $1,000,000
c. 25%
d. 60%
b
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People generally purchase less of a commodity as its price increases. This implies that the relationship between quantity purchased and the price of the commodity must have a
A. slope always equal to one. B. positive slope. C. zero slope. D. negative slope.
An increase in the demand for medical services caused by an increase in the number of people over 65 is most likely attributable to which demand shifter?
A) income B) consumer preferences C) prices of other goods D) demographic characteristics
Straight line pay for performance
a. Provides incentives to increase performance b. Eliminates the perverse incentive to hide information c. Does not link compensation to where the performance is relative to the budget target d. All of the above
Which of the following statements helps to explain why government drug interdiction increases drug-related crime?
a. The direct impact is on buyers, not sellers. b. Successful drug interdiction policies reduce the demand for illegal drugs. c. Drug addicts will have an even greater need for quick cash to support their habits. d. In the short run, both equilibrium quantities and prices will fall in the markets for illegal drugs.