The Census survey collects data on regular wages, tips, commissions, and bonuses
Indicate whether the statement is true or false
F
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If demand for a seller's product is perfectly elastic, which of the following is true?
i. The firm will sell no output if it sets the price its product above the market price. ii. There are many perfect substitutes for the seller's product. iii. The firm will sell no output if it sets the price its product below the market price. A) i only B) ii only C) iii only D) i and ii E) ii and iii
The bonds held in the Social Security Trust Fund
a. are a valuable asset of the federal government. b. will generate a future stream of net income for the federal government. c. are an IOU from one government agency (the U.S. Treasury) to another (the Social Security Administration). d. are necessary to provide retirement benefits for future retirees.
Most economists are concerned about entry barriers. Why is this so important to them?
What will be an ideal response?
Explain how an easing of monetary policy works through the exchange rate and what potential impact on the economy this would have.
What will be an ideal response?