What is not an effect of deregulation in the airline and trucking industries?
A. Lower prices of many services
B. Increased entry of new firms into deregulated industries
C. Lower income to unions working in deregulated industries
D. Improvements in the quality of services
Answer: D
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Using the information in the table above, calculate the value of GDP
A) $185 million B) $145 million C) $195 million D) $140 million
When unemployment is below its natural rate, the inflation rate will eventually
A) move to its natural rate. B) decrease. C) become equal to the natural rate of unemployment. D) increase.
The marginal physical product of labor for the most recent worker hired by Ajax is 286. If Ajax were to hire an additional worker we would expect the marginal physical product of labor to
A) remain at 286. B) be below 286. C) be above 286 by a small amount. D) be above 286 by a large amount.
Combating the "greenhouse effect" has classic free-rider problems
a. True b. False Indicate whether the statement is true or false