Which of the following is one of the main reasons behind the high debt to GDP ratio in Greece?
A. Labor migration
B. Tax evasions
C. Population explosion
D. Capital flight
Answer: B
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Samia makes $8,000 a month. Samia spends $2,500 on rent and related household expenses, $500 on food, $200 on clothes, $500 on entertainment and $600 on transportation. She always keeps $200 for things like the car breaking down
$3,500 is invested in the stock market. Which of the following statements is TRUE? A) The transactions demand for money is $4,300, the precautionary demand is $200 and the asset demand is $0. B) The transactions demand for money is $4,300, the precautionary demand is $200 and the asset demand is $3,500. C) The transactions demand for money is $3,500, the precautionary demand is $200 and the asset demand is $4,300. D) The transactions demand for money is $4,300, the precautionary demand is $3,500 and the asset demand is $200.
Most countries in the world have Gini coefficients ranging from:
A. 0.30 to 0.40. B. 0.25 to 0.60. C. 0.20 to 0.85. D. 0.10 to 0.50.
Mental or physical labor or help purchased by consumers is a(n)
A. durable consumer good. B. nondurable consumer good. C. service. D. investment.
How might a minimum wage law impact the supply and demand of workers?
A) It might result in a surplus of supply. B) It might result in a shortage of supply. C) It might result in lower wages for workers. D) It might result in a lower unemployment rate.