Private disposable income equals
A) GNP - taxes + transfers + interest.
B) NNP - taxes + transfers + interest.
C) national income - taxes + transfers + interest.
D) national income - taxes - transfers + interest.
A
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The figure above shows the relationship between the time a student spends studying and the student's GPA that semester. This figure shows ________ relationship between the time spent studying and the GPA
A) a positive, linear B) a positive but not linear C) a cross-sectionally trended D) a negative E) no
Which statement is true?
A. William Julius Wilson and Charles Murray are basically in agreement about the causes of the formation of a permanent underclass. B. The permanent underclass has more white members than black members. C. There is very little evidence to show that there is actually a permanent underclass. D. There are more poor whites than poor blacks in the United States.
What do trade policies do to the standard of living?
An efficiency wage is:
A. a wage payment necessary to compensate workers for risk of injury on the job. B. a "wage" that contains a profit-sharing component as well as traditional hourly pay. C. an above-market wage that minimizes a firm's labor cost per unit of output. D. a wage that automatically rises with the national index of labor productivity.