Which country had the highest percentage of the adult population with at least a post-high school degree in 2009?
a. Italy
b. United Kingdom
c. Japan
d. Canada
d
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If speculators believe a currency is undervalued, their trades in international exchange markets will
A) increase the surplus of the currency at the existing fixed exchange rate. B) increase the shortage of the currency at the existing fixed exchange rate. C) decrease the shortage of the currency at the existing fixed exchange rate. D) decrease the surplus of the currency at the existing fixed exchange rate.
"In two hours the polls will close. I know I should probably vote, but it is raining, and besides, there is a basketball game on TV tonight, so I'll just stay in." This person is exhibiting
A) median voter preferences. B) rational ignorance. C) decision making based on cost-benefit considerations. D) logrolling.
Which of the following is an example of a factor payment?
a. The U.S. government pays Sunset Farms a subsidy of $1 million per year. b. Yves is an entrepreneur who earns a profit of $2 million for putting capital together for a firm. c. Alchemy Chemicals uses $500,000 to replace worn out equipment. d. Healthy Grocers pays $750,000 to increase its stock of organic preserves.
Under the new Constitution in 1789, the states gained the sovereign power to
(a) levy taxes. (b) power and issue money. (c) "regulate" the value of money. (d) create corporations by special franchise.