Which of the following is consistent with the law of demand?
A) People substitute higher-priced goods for higher-quality goods.
B) People substitute some higher-priced goods for other higher-priced goods.
C) People substitute lower-priced goods for higher-priced goods.
D) People substitute some lower-priced goods for other lower-priced goods.
C
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What is one of the most important advantages of a free market?
What will be an ideal response?
The Bureau of Labor Statistics (BLS) compiles information about employment by
A) performing a census of every household in the nation. B) performing a quarterly survey 6,000,000 households. C) performing a monthly survey of 60,000 households. D) determining the average estimate of labor market specialists around the nation. E) contacting each of the 50 states' Departments of Labor.