The market supply curve of labor is
a. upward sloping
b. perfectly inelastic
c. upward sloping at first but then bends backward
d. downward sloping
e. perfectly elastic
A
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List the five categories of federal government expenditures
What will be an ideal response?
Tax evasion is more likely to occur when people feel that their tax dollars are not being used properly.
A. True B. False C. Uncertain
Given freedom of movement for both goods and resources, if Florida producers specialize in oranges and Georgia producers specialize in peaches, then it would be reasonable to conclude that
a. Georgia has a comparative advantage in producing peaches. b. total output will be expanded when Georgia allocates more resources to producing oranges and Florida allocates more resources to producing peaches. c. Florida has a comparative advantage in producing peaches. d. the opportunity cost of growing oranges is higher in Florida than in Georgia.
A multinational organization dedicated to providing financial and technical assistance to developing countries is called the:
A. World Trade Organization. B. United Nations Development Plan. C. World Bank. D. International Monetary Organization.