Which of the following is the most important reason for growing inequality in the income distribution in the United States?
A. an increase in demand for highly educated workers
B. inheritances
C. discrimination
D. a steady increase in tuition and fees for a college education
Answer: A
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Most of the increase in the monetary base between 2007 and 2012 was due to increases in:
A) currency B) bank deposits C) excess reserves D) Treasury bills
Which of the following phrases would be used to describe an income amount?
a. per year b. per month c. per week d. All of the above are correct.
Which of the following exchange rate policies was undertaken by the Chinese government in 1994?
A. A free-floating exchange rate regime was adopted. B. The Chinese yuan was revalued against the U.S. dollar. C. The Chinese yuan was revalued against the euro. D. The Chinese yuan was pegged to the U.S. dollar.
A positive economic statement is:
a. an opinion of an action that should be taken. b. an action that will have a positive effect on the economy. c. a statement testable by facts. d. a claim that the speaker is positive will occur. e. always a microeconomic position.