Within an occupation, when a given job provides steadier work (fewer layoffs), the hourly wage tends to be
a. no different from wage rates in jobs that are otherwise similar.
b. lower than wage rates in jobs that are otherwise similar.
c. higher than wage rates in jobs that are otherwise similar.
d. determined by factors other than supply and demand.
b. lower than wage rates in jobs that are otherwise similar.
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The more inelastic the schedule, the greater the percentage of the tax that is borne on the other side of the market
a. True b. False
If people expect prices to fall in the future,
a. their consumption function in the present will shift downward. b. their consumption function in the present will shift upward. c. their consumption function in the present will be unchanged. d. they will increase their current levels of consumption by moving up along their consumption functions. e. they will decrease their current levels of consumption by moving down along their consumption functions.
Voluntarism often has proved to be weak and unreliable. Does it still have a place in controlling activities that damage the environment?
What will be an ideal response?
The primary purpose of a budget is to
What will be an ideal response?