Which of the following is NOT an example of a transfer payment?
A. interest payments on government bonds
B. welfare
C. unemployment benefits
D. Social Security
Answer: A
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What percentage of the non-farm labor force in the United States belonged to a labor union in 2012?
a. less than 10 percent b. approximately 11 percent c. approximately 28 percent d. more than 40 percent
In general, economic profits are:
A. greater than accounting profits. B. less than accounting profits. C. the same as accounting profits. D. not comparable to accounting profits.
The United States has had:
A. high relative mobility in the last century, and lower absolute mobility. B. low relative mobility in the last century, and even lower absolute mobility. C. high absolute mobility in the last century, and lower relative mobility. D. low absolute mobility in the last century, but higher relative mobility.
Refer to the information provided in Figure 33.2 below to answer the question(s) that follow.
Figure 33.2Refer to Figure 33.2. England has
A. a comparative advantage in producing cars. B. no comparative advantage in producing either cars or trucks. C. a comparative advantage in producing trucks. D. an absolute advantage in producing cars.