What percentage of United States personal income in 2017 came from transfer payments?
A. 9%
B. 28%
C. 51%
D. 64%
Answer: A
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Which of the following is true?
A) Much of the trade of the European Union (EU) countries is with EU countries. B) Industrialized countries tend to trade relatively little and largely with developing countries. C) Developing countries in Africa and South America tend to trade the most and largely with themselves. D) All of the above are true.
Contractionary monetary policy increases the federal funds rate
Indicate whether the statement is true or false
The average percentage markup in the economy is
a. relatively stable, but the price level may not be b. relatively stable, causing the price level to also be relatively stable c. relatively unstable, despite which the price level remains relatively stable d. relatively unstable, causing the price level to also be relatively unstable e. determined by the unit costs of production
There is news that the price of Tucker's Root Beer will increase significantly next week. If the demand for Tucker's Root Beer reacts only to this factor and shifts to the right, the position of this demand curve has reacted to a change in:
a. tastes. b. expectations. c. the number of buyers. d. the prices of related goods. e. income levels.