If the demand for software engineers ____ slower than does supply, wages of software engineers will ____
a. increases; remain constant
b. increases, rise
c. increases; fall
d. decreases; fall
c
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Money is each of the following except
A) a medium of exchange. B) a store of value. C) a means by which the central bank can always, and permanently, affect production. D) a unit of account.
An increase in government spending will have the greatest expansionary impact on the economy if it is combined with:
a. an increase in tax revenue equal to the increase in spending. b. a decrease in tax revenue equal to the increase in spending. c. unchanged tax revenue. d. none of these is true.
The cable and subscription TV business is plagued with the problem of "signal theft." People use illegal receivers to capture the company's signal without paying. Enforcement of the company's property right is very expensive. This problem emerges because TV signals are basically
a. economic goods. b. invisible goods. c. depletable goods. d. public goods.
The following is an example of a pure public good
A. national defense. B. Yellowstone National Park. C. public education. D. clean air.