If a union succeeds in increasing the wage rate by restricting labor supply, then
A) all of its members will be better off.
B) some members may lose their jobs.
C) all of its members will be worse off.
D) more of its members will be employed.
B
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Space on a popular, public beach is ________ in consumption
A) non-excludable and non-rival B) excludable but non-rival C) excludable and rival D) non-excludable but rival
Refer to Figure 7-2. The efficient equilibrium price is
A) $60. B) $50. C) $40. D) < $40.
Positive statements can be checked, evaluated, or edited based on:
a. available evidence. b. personal choice. c. budget constraints. d. opportunity costs.
An investor purchasing an inflation-protected bond with a fixed annual real return of 1.75 percent will earn a nominal annual return of ________ percent if the actual inflation rate turns out to be 3.25 percent.
A. 5.69 percent B. 1.86 percent C. 5.00 percent D. 1.50 percent