Just over 10% of workers age 25 years or older earned below $7 per hour in 2005

Indicate whether the statement is true or false


F

Economics

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A few years ago, as oil and gas prices continued to increase, a growing number of Americans called for the United States to become less reliant on Middle-Eastern oil

Would it make sense for the United States to try to become totally self-reliant in the production of oil? Why or why not?

Economics

Some oligopolies may try to maximize sales revenue rather than maximize profits

a. True b. False Indicate whether the statement is true or false

Economics

The literature on job displacements suggests that when a new Walmart opens with 300 workers,

A. between 45 percent and 65 percent of that number will be displaced elsewhere in the community. B. between 25 percent and 35 percent of that number will be displaced elsewhere in the community. C. between 75 percent and 133 percent of that number will be displaced elsewhere in the community. D. between 5 percent and 15 percent of that number will be displaced elsewhere in the community.

Economics

Here are the costs of going to college: tuition $5,000; books $200; housing $1,000; food $1,000; lost income from work $10,000. Studying and work are equally desirable in your mind. Suppose you must live on your own anyway. What is the cost of going to school?

A. $7,200 B. $16,200 C. $17,200 D. $15,200

Economics