Latest Questions & Answers

Q: In order for the minimum wage to reach its 1968 high in

In order for the minimum wage to reach its 1968 high in real terms (1999 dollars), it would have to rise to approximately ___ per hour. a) $8 b) $9 c) $10 d) $11

Q: Price supports in the United States have a) always relied

Price supports in the United States have a) always relied on the government paying farmers to set aside land. b) always relied on the government buying excess crops. c) always relied on forbidding...

Q: Income inequality as conventionally measured is ____ when you ignore the fact

Income inequality as conventionally measured is ____ when you ignore the fact that a higher percentage of the population is filing tax forms. a) overstated b) understated c) property stated

Q: The earnings of African Americans relative to whites has a)

The earnings of African Americans relative to whites has a) increased from 40 percent in the 1920s to 90 percent today. b) increased from 50 percent in the 1950s to around 60 percent in the 1970s, r...

Q: Antitrust law is designed to limit the impact of a)

Antitrust law is designed to limit the impact of a) monopoly. b) oligopoly. c) monopolistic competition. d) perfect competition.

Q: The economic rationale for farm price supports is generally a)

The economic rationale for farm price supports is generally a) weak, but relies on price variability. b) weak, but relies on the unavailability of crop insurance. c) strong, and relies on the fact...

Q: 1. The fundamental value of a share of stock is based

1. The fundamental value of a share of stock is based on the present value of expected future a) dividends. b) revenues. c) profits. d) costs.

Q: Deficits cannot occur in a) defined benefit plans.

Deficits cannot occur in a) defined benefit plans. b) defined contribution plans. c) entitlement budgets. d) state and local budgets.

Q: The tax brackets have higher tax rates for more taxable income.

The tax brackets have higher tax rates for more taxable income. This makes the federal income tax a) proportional. b) regressive. c) progressive. d) integrative.

Q: 1. Between 1998 and 2007 the real minimum wage a

1. Between 1998 and 2007 the real minimum wage a) rose rapidly. b) rose slowly. c) fell steadily. d) fell rapidly.