All the people employed at or just above the minimum wage could be considered the _____.
Fill in the blank(s) with the appropriate word(s).
working poor
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An tax on imported commodities is known as a(n):
Quota Tariff Export restriction Price
The United States was taken off the gold standard by
A) President Lyndon Johnson. B) President Richard Nixon. C) President Ronald Reagan. D) President Jimmy Carter.
If business taxes are reduced and the real interest rate increases:
A. consumption and saving will necessarily increase. B. the level of investment spending might either increase or decrease. C. the level of investment spending will necessarily increase. D. the level of investment spending will necessarily decrease.
An area of economics that explores how contract or transaction structures can overcome asymmetric information problems is
A. behavioral economics. B. econometrics. C. adverse selection. D. mechanism design.