In the United States, most workers now
A. work for some level of government.
B. work in the manufacturing sector.
C. work in the agricultural sector.
D. work in the service sector.
Answer: D
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Depreciation refers to: a. the value of leisure goods
b. changes in exchange rates. c. income that we earn but do not receive. d. investment undertaken merely to replace worn-out capital. e. the effects of government subsidy programs.
Analyzing the behavior of the firm enhances our understanding of
a. what decisions lie behind the market supply curve. b. how consumers allocate their income to purchase scarce resources. c. how financial institutions set interest rates. d. whether resources are allocated fairly.
If the usury law set the interest rate ceiling at 21%, how much of a shortage of loanable funds would there be?
According to the Federal Trade Commission and Department of Justice HHI Rules, how concentrated is this market?
a. Not concentrated. b. Moderately concentrated. c. Concentrated. d. Highly concentrated.