Inclusion of essential elements in job descriptions is required by the
A. Americans With Disabilities Act
B. Title VII of the 1964 Civil Rights Act
C. Fair Labor Standards Act
D. Equal Pay Act
A. Americans With Disabilities Act
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If there are no external costs or benefits, no price or quantity regulations, no taxes or subsidies, and the good is not a public good or a common resource, then efficiency is
A) achieved when a monopoly produces the good. B) achieved when the good is produced in a competitive market. C) achieved when the amount of output exceeds the amount produced in a competitive market. D) unrelated to the amount produced in a competitive market.
"Diminishing marginal returns" refer to a situation in which the
A) marginal cost of the next worker hired is less than the marginal cost of the previous worker hired. B) average cost of the next worker hired is less than the average cost of the previous worker hired. C) marginal product of the next worker hired is less than the marginal product of the previous worker hired. D) average product of the next worker hired is less than the average product of the previous worker hired.
Without free trade, the domestic price of a good must be equal to the world price of a good
a. True b. False Indicate whether the statement is true or false
If the Federal budget is passed with expected revenues of $1.3 trillion dollars and expected expenditures of $1.1 trillion dollars, then the difference of $200 billion dollars is the:
A. National debt. B. Budget deficit. C. Budget surplus. D. Debt service. E. Debt ceiling.