A "dynamic" view of income differences
A) considers incomes across different groups over time
B) considers incomes across different groups by creating a base year for comparison
C) considers income across different groups at a given point in time
D) averages all incomes into a single measure of differences
Answer: A) considers incomes across different groups over time
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A strike at the Financial News in London shut down its production, and the sales of a competing newspaper, the Broad Street Journal, increased dramatically, with no increase in price. Based upon this, what can you say about the Broad Street Journal’s supply curve?
A. Its supply curve is vertical. B. Its supply curve is horizontal. C. Its supply curve has shifted. D. Its supply curve has a positive slope.
Charter schools generally receive more funding than traditional public schools
a. True b. False
Suppose the market demand function in a certain market where Q is measured in thousands of units is Qd = 20 - 2.5P, and the market supply function is Qs = 2.5P - 7.5. How much deadweight loss would there be in this market if the quantity bought and sold was 8,500 units?
A. $2.03 B. $4.05 C. $1,800 D. $2,025
Suppose the interest rate on your car loan is 5% and interest rate is 2%. Calculate the real interest rate ______.
Fill in the blank(s) with the appropriate word(s).