The difference between the earnings of construction workers who work on bridges and skyscrapers and those who work on highways is probably due to

A. differences in education requirements.
B. ability (mental) differences.
C. a compensating differential.
D. luck.

Answer: C

Economics

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If a public good is financed through Lindahl prices, those whose total willingness to pay for the public good is high will end up paying a higher Lindahl price than those whose total willingness to pay for the public good is low.

Answer the following statement true (T) or false (F)

Economics

Which of the following elements are commonly emphasized by people who criticize advertisements?

a. increases elasticity; harms competition; manipulates consumer tastes b. increases elasticity; provides service information; causes demonstration effect c. provides service information; causes demonstration effect; manipulates consumer tastes d. harms competition; causes demonstration effect; manipulates consumer tastes

Economics