Which of the following is one source of disagreement between economists?
a. Some facts about the economy are unknown.
b. Economists differ in their political persuasions.
c. Economic theory may not always give an unambiguous answer to a question.
d. Solving one problem may make another problem worse.
e. All of the above are correct.
e
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The majority of the value of production in the world economy is produced in
A) all of the developing economies taken together. B) all of Africa and the Middle East taken together. C) China and other Asian developing economies. D) all of the advanced economies taken together. E) all of the emerging market economies taken together.
All of the following are possible funding sources for the government EXCEPT
A) user charges. B) taxes. C) interest income collected from government bonds. D) borrowing.
Out of approximately 150 million workers in the U.S. economy, what percentage of the total are paid the minimum wage?
a. Less than 2% b. Approximately 5% c. Approximately 8% d. More than 10%
Economists generally believe that tax credits and deductions that are used to create an incentive for individuals to go to college
A. cause no more people to go to college, amounting to a special break for people who would have gone to college anyway. B. cause a few more people to go to college, working somewhat as was intended. C. perversely cause fewer people to go to college. D. cause dramatically more people to go to college, working precisely as was intended.