All of the following describe trends in U.S. labor markets except:

A. substantial growth in real ages during the last century.
B. growing wage inequality in the United States in recent decades.
C. a slowdown in real wage growth since the 1970s.
D. substantial growth in the level of employment in the United States since 2000.

Answer: A

Economics

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What is one kind of monopoly that the U.S. government generally permits?

a. the telephone company b. professional sports leagues c. low-price gasoline d. certain kinds of medications

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Utility refers to the:

A. satisfaction that a consumer derives from a good or service. B. rate of decline in a product demand curve. C. relative scarcity of a product. D. usefulness of a product.

Economics