In the U.S. what occupation has the highest percentage of unionized workers?
a. Manufacturing industry
b. Federal government
c. Local governments
d. Service industry
c. Local governments
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From 1997 to 2003, stock prices based on the Standard and Poor's index and the share of investment spending as a component of GDP tended to
A) move in the same direction. B) be unrelated to each other. C) move in opposite directions. D) both remain relatively unchanged.
Explain the concept of "learning by doing" with respect to infant industry protection
What will be an ideal response?
With regard to the national debt, to whom does the federal government owe money?
a. Taxpayers. b. Federal government workers. c. The Federal Reserve System. d. Investors who buy U.S. Treasury bills, bonds, and notes.
If the marginal propensity to consume was 0.75, it would mean that:
A. $0.25 of an additional $1 of individuals' after-tax income is spent on consumption. B. $0.75 of an additional $1 of individuals' after-tax income is spent on consumption. C. $0.75 of an additional $1 of individuals' after-tax income is saved. D. None of these is true.