Who is likely to earn a higher income, dentists or dental hygienists, and why?
a. dental hygienists because their education is less costly
b. dentists because their education is less costly
c. dental hygienists because their education is more costly
d. dentists because their education is more costly
e. neither; they usually earn the same wage rate
D
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Part of the increase in currency holdings in the 1960s and 1970s can be attributed to
A) increases in income tax rates. B) the switch from progressive to proportional income taxes. C) the adoption of regressive taxes. D) bracket creep due to inflation and progressive income taxes.
Which of the following is a key characteristic of economic freedom?
a. institutions and policies supportive of voluntary exchange b. freedom to compete c. protection of people and their property from aggressors d. all of the above
As short-term interest rates began to rise in 2005, which one of the following mortgage loan categories experienced the largest increase in default and foreclosure rates?
a. fixed rate mortgages to prime borrowers b. fixed rate mortgages to sub-prime borrowers c. adjustable rate mortgages extended to both prime and sub-prime borrowers d. adjustable rate mortgages to sub-prime borrowers only; the default and foreclosure rates of these loans extended to prime borrowers declined
In 2016 the Bureau of Labor Statistics reported that there were 71.9 million people over age 25 who had at least a bachelor's degree. Of these 52.1 million were employed and 1.3 million were unemployed. What were the labor-force participation rate and the unemployment rate for this group?
a. 72.5% and 1.8% b. 72.5% and 2.4% c. 74.3% and 1.8% d. 74.3% and 2.4%