Policy makers who listen to the academic economists from whom they ask advice:
A. never privately agree with the economists' policy recommendations.
B. do not always follow the economists' policy recommendations.
C. always follow the economists' policy recommendations.
D. realize that the best way to get elected and reelected is to say constantly that all choices have costs and benefits.
Answer: B
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The University of Iowa was voted the #1 "party school" in 2013 . The University of Iowa is located in Iowa City. At the end of August each year, the market demand for beer in Iowa City
a. decreases. b. increases. c. remains constant, but we observe a movement downward and to the right along the demand curve. d. remains constant, but we observe a movement upward and to the left along the demand curve.
Public provision of education might
A. cause property values to fall. B. crowd out private provision. C. decrease local taxes. D. none of these answer options are correct.
The best that this firm in the graph above can do is
A. maximize profits.
B. break-even.
C. minimize losses.
D. make a small profit.
The U.S. labor movement started with
A) aerospace workers unions. B) industrial unions. C) craft unions. D) depression unions.