Applying the economic realities test to the facts of this case, what are some of the main facts that would support the conclusion that the technicians were employees?
Ans: The factors which tend to support Keller’s claim that he is an employee are the fact that he worked for Miri exclusively for nearly 20 months, and for no other firms, he was provided training for his job by Miri, his capital investment was much less than that of Miri, that Keller had little opportunity to control his ability to earn profit, and that the work that Keller did was integral to the business of Miri.
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If transfer payments are included when evaluating tax burdens, then the average tax rate of the poorest quintile of taxpayers would be approximately
a. negative 30 percent. b. negative 10 percent. c. positive 1 percent. d. positive 8 percent.
As long as a consumer remains on the same indifference curve,
a. she is indifferent to all points that lie on any other indifference curve. b. her preferences will not affect the marginal rate of substitution. c. she is unable to decide which bundle of goods to choose. d. she is indifferent among the points on that curve.
Securitization is the process by which financial institutions
A) pool together a group of loans and then issue securities backed by the pool. B) determine the composition of their assets that will yield the optimal amount of security for their financial health. C) borrow funds from the Federal Reserve and then use those funds to make loans to their customers. D) determine sub-prime mortgage rates.
Which of the following statements is true?
A. Currencies whose prices are fixed to the same commodity would have currency exchange rates that are also fixed. B. The special drawing right (SDR) is a basket of currencies made up of U.S. dollars, euros, and Japanese yen. C. Today, South Africa is a country that has a currency fixed to gold. D. A country maintains a cleanly floating exchange rate value to neutralize the international value of its currency.