Which of the following is true of the U.S. government?
a. The government in the United States takes the form of a single-party state where opposition parties are not legally allowed to take power.
b. The size of the federal government in the U.S. has been declining since 1930.
c. Employment in the government sector currently exceeds employment in the manufacturing sector.
d. The U.S. federal government plays a much smaller role than state and local government due to states' rights.
e. The service sector of the U.S. economy employs more number of people than the U.S. government.
c
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Suppose the equilibrium rent in Boston is $1,500. A rent ceiling of $1,600 per month leads to
A) a surplus of apartments in Boston. B) a shortage of apartments in Boston. C) no change in the Boston apartment market. D) fair prices in the Boston apartment market. E) compared to the situation at the equilibrium rent, a decrease in the quantity of apartments demanded and an increase in the quantity of apartments supplied.
Refer to the table. At the $8 wage, labor cost per unit of output is:
A. $1.25.
B. $1.50.
C. $2.00.
D. $1.67.