Which of the following is not a reason to predict that farm subsidies might decline in the future?
A. A declining farm population
B. The special interest effect
C. Pressure to cut the budget deficit
D. Conflicts with free world trade
B. The special interest effect
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All of the following are examples of public goods except
A) clean water systems. B) stock of knowledge in the public domain. C) crime prevention. D) broadcast television with commercials.
Which of the following is false? a. The unemployment rate is the number of people officially unemployed divided by the civilian labor force. b. The labor force includes those people over the age of 14 who are either employed or unemployed
c. Discouraged workers, who have not actively sought work for four weeks are not counted as unemployed; instead they fall out of the labor force. d. Some people working overtime or extra jobs might be considered to be overemployed.