In interpreting the Ed value as either elastic or inelastic, we look at the:
A. Ed coefficient with its negative sign
B. Absolute value of the Ed coefficient
C. Percent change in price
D. Percent change in quantity
B. Absolute value of the Ed coefficient
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According to human capital theory, all of the following help make workers more productive EXCEPT
A) health and fitness. B) increased unemployment benefits. C) skills. D) education.
Which of the following is a characteristic of stock?
A) Stock represents ownership in a firm B) Stock represents a promise to repay a fixed amount of funds. C) The face value or principal plus interest is repaid at a specified period of time. D) The length of coupon payments is fixed by the stated maturity period.
What is the implication of the demographic transition for the labor force? Dependency ratio?
What will be an ideal response?
Direct majority-rule voting is a form of coercion in the sense that
a. all citizens must vote b. all registered voters must vote c. the median voter's preferences determine the outcome for everyone d. the majority gets exactly what they want, but the minority does not. e. individuals with higher incomes get more votes