For those workers who are given fringe benefits such as health insurance and pensions, the additional income this amounts to over and above the average hourly wage can be as much as (for some workers)
a. 10-12%
b. 30-40%
c. 51-62%%
d. 70% or more
b
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Reasons regulators chose to follow regulatory forbearance rather than to close the insolvent S&Ls include all of the following EXCEPT
A) they had insufficient funds to close all of the insolvent S&Ls. B) they were friends with the S&L owners. C) they hoped the problem would go away. D) they did not have the authority to close the insolvent S&Ls.
When the price of penicillin tablets increases by $5 per dozen, the drug company’s revenue increases by $6 million. Its elasticity of demand (in absolute terms) must be
A. zero. B. greater than one. C. less than one. D. infinitely large.
According to the median voter theorem, majority rule will produce an outcome that is inconsistent with transitive preferences
a. True b. False Indicate whether the statement is true or false
A specialized worker doesn't spend time switching from one task to another. This source of productivity increase is called:
A. continuity. B. innovation. C. functionality. D. repetition.