Choose the letter of the diagram in Figure 3.1 that best describes the type of shift that would occur in each situation for the market listed on the left, ceteris paribus. Figure 3.1 Shifts of Supply and Demand Candy bars: People become more health-conscious and prefer vegetables instead of candy bars.
A. A.
B. B.
C. C.
D. D.
Answer: C
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Joseph earns $75,000. If his average tax rate is 18%, what is the total amount of money that he pays as tax?
A) $1,500 B) $13,500 C) $2,700 D) $15,000
In 2002, there were _____ school districts in the United States
a. fewer than 15,000 b. around 30,000 c. around 45,000 d. more than 60,000
Businesses produce goods and services and sell them to households and governments. The market where this interaction takes place is called the goods market.
Answer the following statement true (T) or false (F)
Which of the following explains why private employees (more frequently than public employees) tend be in defined contribution program?
A. They tend to fall for Ponzi schemes. B. They have well-funded private savings plans. C. They tend to begin and end their career with the same employer. D. They tend to move from employer to employer.