An increase in the prison population would tend to cause, other things the same, a decrease in ________
A) federal disabilities benefits
B) the use of temporary workers
C) the college premium
D) the natural rate of unemployment
D
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If air travel and bus travel are substitutes,
a. an increase in the price of bus travel will decrease the demand for air travel. b. a decrease in the price of bus travel will decrease the demand for air travel. c. an increase in the price of bus travel will generally have no effect on the demand for air travel. d. an increase in the price of bus travel will shift the demand curve for air travel to the left.
Which of the following contributes to the efficiency of markets?
A) Governments play an active role in the day-to-day operations of markets. B) Markets are able to bring about an equitable distribution of goods and services. C) Markets promote equal standards of living. D) Markets promote competition and voluntary exchange.