Smith drives his car numerous places. Sometimes he drives his car around his residential neighborhood and sometimes he drives it on the highway. Occasionally, Smith gets peeved with the way other people drive and makes a rude gesture to them. Based on one of the theories discussed in the textbook, he is
A) more likely to make a rude gesture to another driver on the highway than in his residential neighborhood.
B) less likely to make a rude gesture to another driver on the highway than in his residential neighborhood.
C) equally likely to make a rude gesture to another driver on the highway as in the residential neighborhood.
D) There is not enough information provided to answer this question.
A
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In comparing a job that requires a high level of skill to one for a job that requires a low skill level, the high-skill job
a. will always command a higher wage than the low-skill job b. can command a higher wage only if there is sufficient demand for the output produced by the job c. will command a higher wage whenever the nonmonetary characteristics of the two jobs are equivalent d. will command a higher wage whenever there is a relatively low supply of labor with the required skill level e. will command a higher wage whenever the two labor markets are perfectly competitive
"Redistributing income in order to have a more equal distribution in the United States would result in a higher level of total consumer satisfaction." This statement is based on the concept that:
A. Income inequality is unfair B. Income inequality is undemocratic C. Income equality stimulates efficiency D. Incomes are subject to diminishing marginal utility