Test pilots are paid high wages by airplane makers primarily because
a. the demand for labor in this area is very high relative to the demand for labor in other areas of employment.
b. the demand for labor in this area is very low relative to the demand for labor in other areas of employment.
c. the demand for labor in this category is highly elastic.
d. few people possess the required skills and the occupation is very risky.
D
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Emission controls on automobiles are an example of a
a. corrective tax. b. command-and-control policy to increase social efficiency. c. policy that reduces pollution by allocating resources through market mechanisms. d. policy to reduce congestion on urban freeways.
Based on the information in the table, what is the unemployment rate? Population 16 and older1,000,000Participation Rate80%Employed Workers720,000
A. 7.2 percent B. 28.0 percent C. 8.0 percent D. 10.0 percent
Use the following table to answer the question below.Alexandra's Production Possibilities ScheduleNatalia's Production Possibilities ScheduleNumber of Scarfs Knitted per dayNumber of Sweaters Knitted per dayNumber of Scarfs Knitted per hourNumber of Sweaters Knitted per hour040433236242916112080If they are given 2 days to work how many scarves could Alexandra make if she spent the whole time knitting scarves?
A. 8 B. 12 C. 24 D. 16
If consumption equals $1,000 when income is $1,000 and increases to $1,900 when income increases to $2,000, then the marginal propensity to consume is
A) 0.50. B) 0.90. C) 1.00. D) 2.00.