To reduce the political influence on the Board of Governors,
A) the president of the United States appoints a new board every four years.
B) the reelection campaign for each member is less than one year
C) each member is appointed for 7 years, with one term expiring every year.
D) each member is appointed for 14 years, with one term expiring every two years.
Ans: D) each member is appointed for 14 years, with one term expiring every two years.
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Which of the following markets is closest to a monopoly?
A) a firm with a 90% market share B) the only gas station for 100 miles C) cable television D) garbage disposal
Compensation wage differentials are
A. used to make pay equal across different groups of workers. B. driven primarily by differences in ability. C. driven primarily by differences in experience. D. used to offset the increased danger of some jobs.
Which of the following people is most likely to be classified as "working poor"?
(A) Jim, who is a full-time student with a work-study job in the college library. (B) Carol, a single mother who works 35 hours a week at a job that pays slightly above minimum wage. (C) Jason, who is working part time as a construction worker so he can devote time to starting up a real estate business. (D) Dolores, who has an advanced degree and works 40 hours a week.
Refer to the information provided in Table 30.1 below to answer the question(s) that follow.
Table 30.1
Refer to Table 30.1. From 2014 to 2016 nominal wages
A. rise. B. fall. C. stay the same. D. rise then fall.