Which of the following adjustments makes a difference for the measurement of income inequality?
A) using families instead of households
B) using before taxes and transfers versus after
C) using longitudinal data versus static data
D) all of the above
Answer: D) all of the above
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If you purchase a $100,000 interest-rate futures contract for 110, and the price of the Treasury securities on the expiration date is 106, your ________ is ________
A) profit; $4000 B) loss; $4000 C) profit; $6000 D) loss; $6000
Which of the following statements is INCORRECT?
a. The Oil Pollution Act (OPA) was enacted in response to the BP Deepwater Horizon spill. b. The Ocean Dumping Act ends dumping of sewage sludge and industrial waste. c. The Great Lakes Legacy Act provides federal funding to address contamination of the Great Lakes d. Included in the Water Quality Act of 1987 were requirements for states to establish nonpoint source pollution program
Increases in the productivity of labor result partly from:
A. the law of diminishing returns. B. improvements in technology. C. reductions in wage rates. D. increases in the quantity of labor.
What is the yield on a discount basis for a U.S. Treasury bill that has a face value of $10,000, has a price of $9500, and will mature in 180 days?
A) 5.00% B) 5.25% C) 10.00% D) 10.67%