Real wages in the United States are:
A. the highest in the world.
B. relatively high, but not as high as in some other industrially advanced nations.
C. much higher than output per worker.
D. higher than nominal wages.
Answer: B
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A lottery promises a $250,000 prize. But the prize money is paid out in $50,000 annual installments with the first installment received today. The winner is offered the option of an immediate lump-sum payment. If the interest rate remains at 10 percent for the entire period, what is the smallest amount the winner should accept?
A. $189,540 B. $192,970 C. $208,494 D. $225,000
How is accounting profit calculated?
What will be an ideal response?
Social Security payroll taxes are examples of
a. progressive taxation. b. regressive taxation. c. proportional taxation. d. marginal taxes.
If Sean sells Susan a DVD player for $30,
A) both Sean and Susan will gain from this transaction. B) the well-being of both parties will be unchanged. C) Sean will gain from the transaction, but Susan will lose. D) Susan will gain from the transaction, but Sean will lose.