From the following, identify a reason for increased income inequalities in the U.S.
A. Increase in the profitability of capital markets
B. Increase in labor-intensive manufacturing jobs
C. Increase in the inheritance tax rates
D. Increase in the tax rates on carried interests
Answer: A
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Other things remaining same, a right shift in the demand curve will lead to:
A) a decrease in the equilibrium price and the equilibrium quantity. B) a decrease in the equilibrium price and an increase in the equilibrium quantity. C) an increase in the equilibrium price and the equilibrium quantity. D) an increase in the equilibrium price and a decrease in the equilibrium quantity.
Which of the following would be considered the least liquid asset?
A) shares of stock B) travelers checks C) currency D) checkable deposits
Which of the following goods will have the most elastic demand at any time?
A. Coffee B. Gasoline C. Restaurant meals D. Insulin
Referring to the previous question, as a result of the consumer's adjustment to the change in the price of Y, assuming Y is a normal good and X and Y are complements, it is reasonable to expect that the amount of Y consumed will ________, and the
amount of X consumed will ________: A) increase; decrease B) decrease; decrease C) increase; increase D) cannot be determined; cannot be determined