The percentage of elementary and secondary educational expenditures financed by the federal government _____ between 1940 and 2000
a. increased from 5 to 10 percent
b. increased from 2 to 7 percent
c. stayed relatively constant around 5 percent
d. increased from 3 to 13 percent
b
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An unexpected fall in the Purchasing Managers' Index should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
In the United States, real GDP is currently calculated using
A) a variable-weighting scheme. B) a chain-weighting scheme. C) a fixed-weighting scheme. D) an autoregressive scheme.
If Happy Campers and Camping R Us are camper suppliers in tacit collusion and Happy Campers launches a new advertising campaign that states that it will meet any competitor's price on a comparable camper, Happy Campers might be tacitly signaling to Campers R Us that they are willing to ________.
A) maintain current the price B) cut price is exactly half C) raise their price D) lower their price
Answer the following statement(s) true (T) or false (F)
1. Price controls are always implemented by the federal government. 2. The controlled rents for existing occupants are generally well below market rental rates. 3. The main argument for minimum wage is that it allows low-income workers to live better. 4. Price ceilings on gasoline lead to surpluses of this product.