An increase in the wage rate of diamond cutters will increase the supply of cut diamonds.
Answer the following statement true (T) or false (F)
False
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Legislation that makes it illegal to require union membership as a condition of continuing employment is the
A) National Labor Relations Act. B) Wagner Act. C) Congress of Industrial Organizations. D) collection of right-to-work laws.
Which of the following makes invention and entrepreneurship more likely in today’s economy?
A. Increasing morality of inventors B. Government rules within society C. Positive marginal costs D. Positive marginal revenues
Which of the following statements is true of capital gains in the U.S.?
A. Capital gains are taxed only if they are long-term. B. Capital gains are taxed only for low-income groups. C. Capital gains are taxed on accrual. D. Capital gains are forgiven at death.
Which of the following families is statistically the most likely to live below the poverty threshold?
(A) A two-parent family of Hispanic origin living in the inner city. (B) A two-parent white family living in a rural area. (C) A black family headed by a single mother living in the inner city. (D) A black family headed by a single mother living in the suburbs.