One possible reason the U.S. income distribution has become more unequal is
A) information technology has decreased the demand for unskilled labor.
B) information technology has increased the demand for unskilled labor.
C) information technology has increased the supply of unskilled labor.
D) information technology has decreased the supply of unskilled labor.
A
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Patents are ________ barriers to entry and public franchises are ________ barriers to entry
A) legal; legal B) legal; natural C) natural; legal D) natural; natural
If the government passes a law requiring buyers of college textbooks to send $5 to the government for every textbook they buy, then
a. the demand curve for textbooks shifts downward by $5. b. buyers of textbooks pay $5 more per textbook than they were paying before the tax. c. sellers of textbooks are unaffected by the tax. d. All of the above are correct.