(Consider This) A primary advantage of Uber to government-regulated taxis is that
What will be an ideal response?
Uber's dynamic pricing avoids the inefficiencies caused by regulated taxi fares.
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Economic theory predicts
A) balanced budgets are impossible to achieve through a democratic political process. B) budget surpluses are impossible to achieve through a democratic political process. C) budget deficits are likely to occur through a democratic political process. D) the absolute size of the budget will be systematically reduced in the long run through democratic political processes.
In the economy of Pandemonia, 500 people have jobs, 500 people are not working but are searching for work, and 1500 people don't work and don't seek work. The unemployment rate is
A) 10 percent. B) 40 percent. C) 50 percent. D) 66 percent. E) none of the above.