In assessing numerical changes, the brain appears to be naturally inclined to work in ________ terms rather than ________ terms, leading to misguided decisions.
A. absolute; relative
B. relative; percentage
C. percentage; absolute
D. percentage; relative
Answer: C
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Compared to the United States, the income distribution in other major industrial nations tends to be
a. more concentrated b. less concentrated c. similar d. impossible to calculate e. not comparable because tax structures differ among countries
One of the reasons economists approve of limiting trade would be
A. the preservation of a large-production company. B. the preservation of a high-wage company. C. the protection of the environment. D. the preservation of a high-employment company.
Portfolio diversification eliminates all of the ___________ from a portfolio
A. risk B. diversifiable risk C. nondiversifiable risk D. risk from business cycle fluctuations
Refer to the table above. By what percentage did the federal minimum wage increase from 1974 to 2011?
A) 72.41 percent B) 262.5 percent C) 362.5 percent D) 525.0 percent