By definition, a government-sponsored good
A) is a good that is deemed socially desirable.
B) is a good that should be available only to upper-income groups.
C) is always provided at a zero price.
D) does not affect society's general welfare.
Answer: A
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When Toyota introduced the new Prius in the United States, which of the following occurred?
A The hybrid car was not as successful as expected. B The costs of manufacturing were too high and Toyota had to stop production. D All of the above C Toyota confronted the risk of making large investments and the uncertainly over future oil prices.
The labor force is the sum of
A) employed workers and individuals not looking for work. B) unemployed workers and the working-age population. C) employed workers and discouraged workers. D) employed workers and unemployed workers.