According to the Institute for Economics and Peace (IEP), as of 2012, "were the world to reduce its expenditures on violence by _________ percent, it would be enough to provide the necessary money for the European stability fund, repay Greece's debt, and cover the increase in funding required to achieve the United Nation's Millennium Development Goals."
a) 10
b) 30
c) 15
d) 25
Answer: a) 10
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"Pay or play" reduces the health care cost of hiring low-wage employees relative to an employer mandate
a. True b. False
You have been hired by the city to determine whether or not an increase in the price of tickets for the mass transit system would raise system revenues. The debate has been heated and the city council seems to be divided. One side argues that in order
to increase revenues from the transit system, prices must be increased. The opposing side argues that a price increase at this time will lower revenues. What assumptions are each side making about the price elasticity of demand, and how might you determine the best course of action?
The interest rate is the
a. rate of investment. b. price of credit. c. rate of return on investment in capital goods. d. expected rate of inflation.
The U.S. distribution system is
A. identical to that of the former Soviet Union. B. based on a pure socialist economy. C. determined by a modified version of one dollar, one vote. D. similar to the fascist 1930's Germany.