An example of an income maintenance program is
A) a proportional income tax.
B) low-cost college tuition.
C) unemployment compensation.
D) rent control.
C
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If Bank A sells a $100,000 U.S. Treasury bond to the Fed, Bank A's required reserves will:
A. increase but by less than $100,000. B. decrease. C. not change. D. increase by $100,000.
A study of the per capita consumption of gasoline: in 10 countries demonstrates that:
A. the consumption of gasoline does not appear to be related to the price of gasoline. B. higher gasoline prices reduce consumption in some of those countries, but not in others. C. higher gasoline prices do result in lower consumption of gasoline. D. higher gasoline prices actually increase the consumption of gasoline.
The distribution of income in the United States
A. became slightly more equal during the 1980s. B. did not change significantly during the 1980s. C. has become more unequal since 1980. D. has become more equal since 1980.
Raul Prebisch's objection to having developing countries treat trade as the "engine of growth" was that
a. agricultural goods were becoming cheaper while industrial products were becoming more expensive b. industrial products were being substituted for primary products c. workers in poor countries had little bargaining power, while unions in rich countries pushed wages up d. agricultural products were becoming a smaller portion of peoples' budgets as income rose e. all of the above