Which of the following is true of America's millionaires?
a. Only about 20 percent of the millionaires in the United States have college degrees.
b. It is virtually impossible to achieve this status by saving and investing over a lengthy period of time.
c. Most millionaires inherited at least half of their wealth.
d. Millionaires are far more likely than others to be self-employed entrepreneurs
d. Millionaires are far more likely than others to be self-employed entrepreneurs
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Taxes levied on imports are called ________
A) embargo B) seigniorage C) quotas D) tariffs
What is the distinction between total utility and marginal utility?
What will be an ideal response?
The first formal acknowledgement of the primary macroeconomic goals of price stability, high employment, and promoting economic growth in the United States came with passage of the: a. Federal Reserve Act of 1913
b. the Sherman Antitrust Act of 1890. c. the Social Security Act of 1935. d. the Employment Act of 1946.
If an economy produced 60 pounds of sushi at $12 per pound and 15 gallons of sake at $30 per gallon, the total value of these goods and services would be:
A. $450. B. $720. C. $1,170. D. $2,700.