The Federal Open Market Committee is responsible for directing
a. issuing government securities.
b. setting monetary policy.
c. setting reserve requirements.
d. printing money.
e. All of the above
B
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If the cross price elasticity of demand for tacos with respect to burritos equals +2.5, then: a. a 1% increase in the quantity of burritos purchased will lead to a 2.5% increase in the price of a taco
b. a 10% increase in the price of a burrito will lead to a 25% increase in the quantity of tacos demanded at a given price. c. a 1% decrease in the price of a burrito will lead to a 2.5% increase in the quantity of tacos demanded at a given price. d. a 1% increase in the quantity of tacos purchased will lead to a 2.5% increase in the price of a burrito.
Based on U.S. data for 2011, the poverty rate is the highest for which group of people?
a. children b. married couples c. female-headed households, no spouse present d. the elderly
A housecleaning company receives $25 for each house cleaned. The table below gives the relation between the number of workers and the number of houses that can be cleaned per week. 
Based on the above info, if the company want to maximize profit and hires three workers, the wage rate of a housecleaner can be no more than
A. $225. B. $175. C. $600. D. $200. E. none of the above
Which of the following is NOT a correct criticism of the Lorenz curve?
A. It refers to money income after taxes. B. It does not include payments in kind. C. It ignores the impact of age distribution on income distribution. D. It does not deal with differences in family size.