Which of the following is true about nuclear power?
A. It is likely to become a less and less important source of energy in the future.
B. There are very few safety concerns surrounding its use.
C. Its use does not contribute to global climate change.
D. The cost of building and operating nuclear power plants is likely to fall.
Answer: C
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The table above shows the demand for labor and supply of labor schedules for low-skilled labor. If the labor market is competitive, what is the wage rate of low-skilled labor and what is the quantity of low-skilled labor employed?
A) $6 an hour; 60 hours a day B) $6 an hour; 65 hours a day C) $4 an hour; 70 hours a day D) $4 an hour; 55 hours a day
What do economists mean when they say that “there is no free lunch”? Give another example to which this statement applies
Please provide the best answer for the statement.