State and local governments issue bonds to fund capital projects, such as schools and infrastructure
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following determines comparable worth of a particular job?
a. Cultural background of the applicants b. Gender of the candidates applying for a job c. Race of the applicants for the job d. Level of formal education required for a job e. National origin of the workers in a factory
If you have a chance to be a stand-up comic earning $2 million, a plumber at $100,000, or an assembly line worker at $20,000, and would be willing to work at any of these jobs for $20,000, how much would your economic rent be if (a) you were a stand-up comic? (b) you were a plumber? (c) you were an assembly line worker?
What will be an ideal response?
If the price of orange juice rises 10%, and as a result the quantity demanded falls by 8%, the price elasticity of demand for orange juice is
A) -1.25. B) inelastic. C) Both A and B above. D) Neither A nor B above.
In which of the following examples does the firm acquire financial capital from households through a financial intermediary?
A. The firm uses retained earnings to purchase shares of its stock owned by a mutual fund company. B. A firm sells a bond to John Doe. C. The firm sells a bond to an employee pension fund. D. The firm uses retained earnings to purchase shares of its stocks owned by individuals.