In theory, when a local government receives a grant to finance a certain type of expenditure, it should spend more if the grant _____
a. is a matching grant rather than a categorical grant
b. is a categorical grant rather than a matching grant
c. is a general grant rather than a matching grant
d. is a categorical grant rather than a matching grant
a
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Three of these are examples of nonprice competition. Select the one which is not an example of nonprice competition.
a. location b. physical characteristics c. advertising d. discounts
Suppose a major computer virus struck the nation's computers and all hard drives were erased. What would happen in the labor market?
a. The real wage would increase and so would employment. b. The real wage would not change, but employment would decrease. c. The real wage would increase and employment would decrease. d. The real wage would decrease and so would employment. e. The real wage would decrease and employment would increase.