Discrimination lowers the average wage of members of one group of workers in spite of laws that require equal pay for all workers
a. True
b. False
Indicate whether the statement is true or false
False
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From 1970 to 2006, average real income for the top 5% of U.S. households
A) decreased by more than 10%. B) remained virtually unchanged. C) increased by about 5%. D) almost doubled.
A country that has a comparative advantage in producing capital goods will ________ a country that has a comparative advantage in consumption goods
A) reap all of the gains from trade when it trades with B) grow slower than C) reap fewer of the gains from trade when it trades with D) specialize in producing capital goods and trade with
Which of the following is not a thrift?
A) a savings-and-loan B) a commercial bank C) a credit union D) a mutual savings bank
Why does the Fed attempt to achieve a low, stable rate of inflation rather than an inflation rate of 0%?
What will be an ideal response?