What is the union wage gap if the average union salary is $92,000 while the average nonunion salary is $80,000?
A. 13%
B. 15%
C. 87%
D. 125%
E. 10%
Answer: B
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What do supply and demand curves have in common?
a. They both usually slope upward. b. They both show a relationship between quantity and price. c. They both usually slope downward. d. They can both shift in response to changes in income or wealth. e. Neither of them is influenced by the size of the population.
People who buy houses in good-weather locations receive this benefit absolutely for free
Indicate whether the statement is true or false
Based on export ratios, which of the following countries is closest to being a closed economy?
A. Belgium. B. Samoa. C. Saudi Arabia. D. China.
Martha lives near a paper mill. If she is concerned about the effects of the air pollution from the plant, she should contact which regulatory agency?
A. Consumer Product Safety Commission (CPSC) B. Environmental Protection Agency (EPA) C. Food and Drug Administration (FDA) D. Occupational Safety and Health Administration (OSHA)