As the wage rate rises to extremely high levels, the ____________ becomes stronger than the ____________.

Is the cost of an all-volunteer army in the United States higher or lower than the cost of a conscripted (drafted) army?

A) Higher, unless the citizens are exceptionally patriotic B) Lower, unless the army is inefficiently managed C) Higher to taxpayers but lower to military personnel D) The same because the wage will move to the market-clearing level E) We cannot say without knowing the supply of and demand for military personnel.

Empirical evidence suggests that the federal budget has remained more or less in surplus between 1990 and 2002

a. True b. False Indicate whether the statement is true or false