Income inequality increased in the United States from 1929 to 1970 and decreased thereafter.
Answer the following statement true (T) or false (F)
False
From 1929 to 1970 income inequality in the United States decreased. From 1970 to today it has increased.
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Refer to the figure above. What is the initial equilibrium quantity of the good?
A) 20 units B) 30 units C) 35 units D) 50 units
Which of the following is an example of behavior that is not rational?
A) buying stocks after stock prices have declined B) buying stocks after stock prices have risen C) a significantly higher enrollment in 401K plans if people are automatically enrolled rather than having the option of signing up on their own D) enrollment in 401K plans during a bear market
A firm has a fixed cost of $500 in its first year of operation. When the firm produces 100 units of output, its total costs are $3,500 . When it produces 101 units of output, its total costs are $3,750 . What is the marginal cost of producing the 101st unit of output?
a. $250 b. $275 c. $340.91 d. $350
It is argued that certain industries should be protected from foreign competition because they are needed to secure the United States from foreign aggression. This argument is called the __________ argument
A) saving domestic-jobs B) low foreign wages C) foreign export subsidies D) national defense