In the United States, the income distribution is shaped like a:
A. square.
B. diamond.
C. pentagon.
D. pyramid.
Answer: C
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A decrease in the supply of dollars on the foreign exchange market, all else equal, will result in:
A) appreciation of the U.S. dollar and depreciation of the foreign currency. B) appreciation of the U.S. dollar and appreciation of the foreign currency. C) depreciation of the U.S. dollar and depreciation of the foreign currency. D) depreciation of the U.S. dollar and appreciation of the foreign currency.
Two goods are considered substitutes only if a(n)
a. decrease in the demand for one leads to a decrease in the supply of the other b. increase in the demand for one leads to a decrease in the supply of the other c. increase in the price of one leads to an increase in the demand for the other d. decrease in the price of one leads to an increase in the demand for the other e. decrease in the supply of one leads producers to switch to production of the other
The marginal revenue that would be derived from production of a third unit is
A. $17.
B. $19.
C. $21.
D. $23.
In the United States, the rate of unionization is:
A. higher for sales workers than for transportation workers. B. lower for managers than for teachers. C. lower for production workers than for sales workers. D. higher for social workers than for protective service workers.