The top 1 percent share of income in the United States was only ________ percent in 1978 as compared to ________ in 2007.
A. 5.2; 36
B. 1.09; 13.44
C. 7.55; 22.49
D. 3.45; 10.76
Answer: C
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Some argue the best response to monopolies is no response at all because:
A. the creation of regulation may be too difficult. B. political mishandling may make the situation even worse. C. the regulation of monopolies may not be able to be managed effectively. D. All of these statements are true.
The impact of _____ unemployment is removed from official monthly unemployment figures
a. cyclical b. structural c. seasonal d. frictional e. involuntary
After the price of Revlon nail polish increased, Jen stopped buying Revlon nail polish and started buying a cheaper brand of nail polish instead. This is called:
A. the income effect of a price change. B. a decrease in the seller's reservation price. C. a decrease in the buyer's reservation price. D. the substitution effect of a price change.
Suppose Anna just received a parking ticket. According to the availability heuristic, this will tend to make Anna:
A. dislike parking tickets. B. think people frequently receive parking tickets. C. less likely to pay future parking tickets. D. think people should not receive parking tickets.