Since the 1970s, the income tax system in the U.S. has become
a. less regressive.
b. more aggressive.
c. less progressive.
d. regressive
e. more proportional.
C
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In February 2015, the unemployment rate for those with a college degree was __________.
a. 2.7% b. 5.1% c. 5.4% d. 8.4%
Which is the most accurate statement?
A. The poverty of older Americans is much greater than the problem of child poverty. B. Public assistance has been considered a great success. C. Medicare and Medicaid date back to the New Deal of the 1930s. D. Less than half of those eligible receive food stamps.
A ________ demand curve for shampoo would be caused by a change in the price of shampoo.
A) positively sloped B) leftward shift of the C) rightward shift of the D) movement along the
A monopoly firm is different from a competitive firm in that:
A. a monopolist's demand curve is perfectly inelastic whereas a competitive firm's demand curve is perfectly elastic. B. a monopolist can influence market price whereas a competitive firm cannot. C. there are many substitutes for a monopolist's product whereas there are no substitutes for a competitive firm's product. D. a competitive firm has a U-shaped average cost curve whereas a monopolist does not.