Which of the following is LEAST likely to be able to regularly engage in price discrimination?
A) a farmer
B) an airline
C) a university
D) a producer of copyrighted computer software
Answer: A
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The Federal Reserve System began operating in 1914, finally
(a) giving the U.S. its first 100 percent gold-backed paper money. (b) creating a privately-owned system for clearing checks on a national scale. (c) giving the U.S. its first government-owned central bank. (d) giving the U.S. its first unified currency issue, the Federal Reserve Note.
Economists and the Congressional Budget Office find that
A. there are national studies that generally, but not conclusively, suggest the program is effective. B. there are many national studies of Head Start effectiveness and nearly all show it to be effective. C. there has been no study on the subject of Head Start effectiveness. D. there are no national studies of Head Start that show its effectiveness.
Which of the following is not included in gross domestic private investment, as defined in national income accounts?
A. The value of all new capital goods bought by business firms B. Changes to business inventories C. Domestic home construction undertaken by and for the private sector D. Government construction of new highways and dams
Minimum-wage laws can keep wages
a. above equilibrium and cause a surplus of labor. b. above equilibrium and cause a shortage of labor. c. below equilibrium and cause a surplus of labor. d. below equilibrium and cause a shortage of labor.