(Consider This) Which of the following statements is true about the relationship between take- home pay and fringe benefits for U.S. middle-class workers over the past several decades?
A. The ratio of take-home pay to fringe benefits has remained relatively constant.
B. The ratio of take-home pay to fringe benefits has risen significantly.
C. The ratio of take-home pay to fringe benefits has fallen significantly.
D. Both have declined steadily.
Answer: C
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How is money market equilibrium determined in the short run?
What will be an ideal response?
Suppose that Congress were to institute an investment tax credit. What would happen in the market for loanable funds?
a. The demand for loanable funds would shift left. b. The supply of loanable funds would shift left. c. The demand for loanable funds would shift right. d. The supply of loanable funds would shift right.
One disadvantage of using the government to provide pure public goods is that everyone receives ________ of the public good and has ________ for the public good.
A. the same amount; a different reservation price B. a different amount; the same reservation price C. the same amount; the same reservation price D. a different amount; a different reservation price
If price was set by the government at $11, there would be a price __________, that would cause a ___________ of ______ units.
A. floor; surplus; 8
B. floor; surplus; 10
C. floor; shortage; 8
D. ceiling; shortage; 12