The U.S. national debt at the end of fiscal year 2014 was almost
a. $13.5 trillion.
b. $9.0 trillion.
c. $18 trillion.
d. $1.3 trillion.
c
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Compared to a monopsony, a perfectly competitive labor market results in a
A) higher wage rate and more workers hired. B) higher wage rate and fewer workers hired. C) lower wage rate and more workers hired. D) lower wage rate and fewer workers hired.
The broadest measure of the price level that includes all final goods and services is
A) the consumer price index. B) the producer price index. C) the wholesale price index. D) the GDP deflator.
Public libraries, art galleries, and the National Institutes of Health are examples of
a. merit goods b. public goods c. social goods d. private goods e. exclusive goods
Who of the following has been prominently accused of acting on the basis of the "edifice complex?"
a. the Environmental Protection Agency? b. A. C. Pigou c. the Army Corps of Engineers d. environmental activists