Which of the following is an example of a positive statement?
a. If drug prices increase, the government should offer free drugs to seniors.
b. If income taxes increase, the government should offer rebates.
c. If the price of apples increases, stores should put them on sale.
d. If the price of movie tickets increases, theatrical attendance will decrease.
d. If the price of movie tickets increases, theatrical attendance will decrease.
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Why should the development of a solid elementary education system take precedence over an expansion of the university system in developing countries?
What will be an ideal response?
The per-worker production function relates output per worker
A) to capital per worker. B) to the participation rate. C) to production per worker. D) in different countries.
In international trade, all payments and gifts that are related to the purchase or sale of both goods and services are referred to as the
A) current account. B) capital account. C) labor account. D) official reserve transactions account.
An increase in the number of students graduating with a major in psychology would result in
a. a decrease in the supply of psychologists that would increase the wage of psychologists and decrease the number employed. b. an increase in the supply of psychologists that would decrease the wage of psychologists and increase the number employed. c. a decrease in the demand for psychologists that would decrease the wage of psychologists and decrease the number employed. d. an increase in the demand for psychologists that would increase the wage of psychologists and increase the number employed.