A high-income household usually is headed by ________ , while a low-income household is usually headed by ________
a. a well-educated working couple; a single parent who is not working
b. a highly-educated working female; two middle-aged well-educated adult workers
c. a young poorly-educated working male; an old and highly educated male
d. a poorly-educated working couple; a well-educated working couple
a
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A British investor buys $40,000 worth of stocks in the U.S. stock market. For the U.S. we would predict ________.
A. aggregate demand will fall B. aggregate supply will rise C. aggregate demand will rise D. aggregate supply will fall
Which of the following is an example of a normative statement? a. Higher unemployment rates are common among young people
b. Young people should learn how to prepare their own taxes. c. Auto insurance rates are generally lower for younger d. Persons under the age of 30 watch more movies than those over the age of 30.
The desire to redistribute income more fairly was one of the major motivations for ______.
a. the Russian Revolution b. the American Revolution c. World War I d. World War II
Which of the following is correct? i. A surplus puts downward pressure on the price of a good. ii. A shortage puts upward pressure on the price of a good. iii. There is no surplus or shortage at equilibrium. Question 14 options:
A. i and ii. B. ii and iii. C. i, ii, and iii. D. only iii. E. i and iii.