If a job pays a wage of $50 per hour, but has a non-wage cost valued at $20 per hour, the net benefit of taking the job equals:

If the dollar falls in value compared to other currencies, what will happen in the United States?

a. a decrease in aggregate demand b. an increase in aggregate supply c. a decrease in aggregate supply d. a decrease in the U.S. price level

Public choice analysis suggests that the primary motivating factor for politicians will be finding the policies that are most likely to

a. get them reelected. b. improve economic efficiency. c. improve the welfare of society as a whole. d. anger the interest groups that provide substantial contributions to their campaigns.