The graph shown demonstrates a tax on sellers. Before the tax was imposed, the buyers purchased ________ units and paid ________ for each one.
A. 15; $6
B. 31; $19
C. 31; $9
D. 15; $16
Answer: C
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Most economists today believe that the Phillips curve is
A. vertical in the short run but downward sloping in the long run. B. upward sloping in the short run but vertical in the long run. C. downward sloping in the short run but vertical in the long run. D. vertical in the short run but upward sloping in the long run.
Last year U.S. net exports of goods and services was negative. This fact means that last year
A) there was an error made when calculating net exports of goods and services for the United States. B) the value of U.S. exports was greater than the value of U.S. imports. C) the value of U.S. exports was less than the value of U.S. imports. D) U.S. consumption expenditure plus investment was less than the value of exports plus the value of imports. E) U.S. consumption expenditure plus investment plus government expenditures on goods and services was less than the value of exports plus the value of imports.
Of the following countries which are recognized as socialist systems?
A. Sweden. B. Greece C. Canada. D. All of these countries have socialist systems.
The percentage of Head Start enrollees in homes headed by single women is
A. 35%. B. 10%. C. 1%. D. 50%.