Which of the following groups has the lowest median income in the United States?
A. Married couples with both spouses working
B. Female-headed families with no husband present
C. Male-headed families with no wife present
D. Married couple families with the wife not working
B. Female-headed families with no husband present
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In the Stackelberg model, there is an advantage
A) to waiting until your competitor has committed herself to a particular output level before deciding on your output level. B) to being the first competitor to commit to an output level. C) to the firm with a dominant strategy. D) to producing an output level which is identical to a monopolist's output level.
According to the Laffer curve, tax evasion occurs in the same conditions that promote ______.
a. maximum tax revenues b. high incentives to work c. low incentives to invest d. maximum savings
When an employer that controls the demand for labor opposes a union that controls the supply of labor, it is called
A. an oligopoly. B. an oligarchy. C. a bilateral monopoly. D. a monopsony.
The ________ affecting the supply of money is known as monetary policy.
A. Treasury Department B. Commerce Department C. Federal Reserve D. Congress