The mean wage for workers aged 16 to 19 was over $7 per hour in 2005
Indicate whether the statement is true or false
T
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Inflation is known as a ________ because it ________
A) tax; redistributes goods and services from households and businesses to the government B) revenue; is the only source of business income for the government C) good thing; keeps the value of goods and services increasing D) bad thing; allows people to obtain the wrong kind of wealth E) tax; redistributes goods and services from the government to households and businesses
Using the table above, the labor force participation rate is
A) 83.3 percent. B) 90.0 percent. C) 10.0 percent. D) 11.1 percent. E) 100 percent.
The Chairman of the fome is:
A. the President of the New York Fed. B. the Chairman of the Board of Governors. C. the Secretary of the Treasury. D. the Vice-Chairman of the Board of Governors.
Suppose the demand for books goes down when the price of video games goes down. We can say that these two goods are
A. substitutes. B. complements. C. unrelated goods. D. perfect substitutes.