Most of the volume of business in the United States is carried on by the
a. sole proprietor form of business
b. partnership form of business
c. corporate form of business
d. government
e. mutual fund form of business
C
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Within the U.S. population, women of prime working age (ages 25-54) have lower rates of labor-force participation than men of prime working age (ages 25-54), regardless of race
a. True b. False Indicate whether the statement is true or false
In a famous article published in 1958, A.W. Phillips used data for the United Kingdom to show a negative relationship between the rate of change of wages in the U.K. and the U.K. unemployment rate
a. True b. False Indicate whether the statement is true or false
If the Fed wanted to use all three of its major monetary control tools to decrease the money supply, it would:
A. buy bonds, reduce the discount rate, and reduce reserve requirements. B. sell bonds, reduce the discount rate, and reduce reserve requirements. C. sell bonds, increase the discount rate, and increase reserve requirements. D. buy bonds, increase the discount rate, and increase reserve requirements.
The following diagram shows the demand curve for neckties. At point a, total expenditure on neckties is:
a. ?$45. b. ?$20. c. ?$9. d. ?$5. e. ?$26.