Blu-ray players and Blu-ray discs are:
A. complementary goods.
B. substitute goods.
C. independent goods.
D. inferior goods.
Answer: A
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Consider two countries—country A and country B. Both countries are exactly similar in all aspects except for one. The institutions in country A are inclusive while the institutions in country B are extractive
Given this information, which of the following statements is likely to be true? A) Both countries are likely to be capitalistic. B) Both countries are likely to be totalitarian. C) Country A is likely to have well-defined property rights, while country B is likely to lack well-defined property rights. D) Country B is likely to have well defined property rights, while country A is likely to lack well-defined property rights.
When the economy enters a prosperity phase, unemployment insurance payments
a. fall, causing incomes and spending to fall more slowly than real GDP b. fall, causing incomes and spending to fall more rapidly than real GDP c. rise, causing incomes and spending to rise more slowly than real GDP d. rise, causing incomes and spending to rise more rapidly e. fall, causing incomes and spending to fall at the same rate as real GDP
That the migration of black middle and working class families from the ghettos removed the key social constraint against crime is a central thesis of
A. William Julius Wilson. B. Charles Murray. C. Mickey Kaus. D. Frances Fox Piven.
If households pay $1,000 in interest payments and receive $1,200 in interest, wages equal $8,000, rental receipts on land are $200, total business profits before taxes are $2,200, depreciation is $1,750, and indirect business taxes are $1,000, then gross domestic income is
A. $13,150. B. $15,350. C. $13,350. D. $11,400.