Since World War II, state and local government revenues have been a
a. growing share of total government revenues.
b. shrinking share of total government revenues.
c. stable share of total government revenues.
d. minuscule share of total government revenues.
Answer: b. shrinking share of total government revenues.
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When were the first federal antitrust laws enacted in the United States?
a. around the turn of the twentieth century b. after World War II c. after World War I d. during the Great Depression e. with the U.S. Constitution, in 1787
A union may negotiate limits on workload in order to increase the demand for labor and raise workers' salaries. This practice is known as:
a. featherbedding. b. human capital formation. c. monopsonistic bargaining. d. artificial demand stimulus.
The stable outcome of the game in the figure shown will be:
A. Nike charges a low price, and Adidas charges a high price. B. Nike and Adidas both charge a high price. C. Nike charges a high price, and Adidas charges a low price. D. Nike and Adidas both charge a low price.
Which is the most accurate statement?
A. The authority to run welfare programs resides mainly in the states. B. The authority to run welfare programs resides mainly in the federal government. C. When the 1996 welfare reform passed, it immediately removed 3 million people from the welfare rolls. D. The welfare reform law of 1996 will virtually abolish welfare by the year 2008.