The reward for the capture of Jesse James was $500.00 in 1881. Suppose the CPI in 1881 was 0.25. What is the real value of the reward in 2010 dollars if the CPI was 218.1 in 2010?
What will be an ideal response?
218.1($500 )/0.25 = 218.1($2,000 ) = $436,200.
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In the economic way of thinking, government consists of many different people interacting on the basis of
A) fear. B) legal guarantees. C) prevailing property rights. D) public interests.
As of 2010, the FDIC insured deposit accounts up to which of the following amounts?
A) $10,000. B) $25,000. C) $100,000. D) $250,000.
If Jim earns $300,000 this year and pays $75,000 in taxes and Sharon earns $80,000 this year and pays $20,000 in taxes, this tax system would appear to be a. progressive
b. proportional. c. regressive. d. none of the above
The most-favored-nation policy implies that the United States will
a. extend concessions made in bilateral trade agreements to all other nations. b. give preference to North American nations in all trade matters. c. work to lower trade barriers with Canada. d. extend tariff and quota concessions only to major trading partners.