Which of the following are exempt from the antitrust laws?
A. all professional athletes
B. colleges and universities
C. deregulated industries
D. labor unions
Answer: D
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Suppose the consumer's income increases while the prices of the goods remain constant. Then the
A) budget constraint shifts outward parallel to the original budget constraint. B) indifference curves become flatter. C) budget constraint shifts inward parallel to the original budget constraint. D) indifference curves shift outward away from the origin.
If autonomous consumption rises, the TE curve shifts __________, the marginal propensity to consume __________, and the TP curve __________
A) upward; rises; shifts downward B) upward; remains unchanged; remains unchanged C) downward; rises; remains unchanged D) upward; remains unchanged; shifts downward E) none of the above
In the United States, a reason for the increase of the labor force participation rate for women is that
A) an increase in wealth allowed men to retire early. B) more women pursued a college education and received higher wages upon graduation. C) fewer women married. D) there has been a decrease in jobs with flexible hours. E) improved Social Security benefits are available for women if they work.
If it costs $6.00 to go to the movies and $25.00 to go to a hockey game, Tom is maximizing his utility between movies and hockey if his marginal utility of movies is 12 units and his marginal utility from hockey is 25
Indicate whether the statement is true or false