Reasons for the growing income inequality in the United States since 1975 include the following, except:
A. A shift in labor demand toward highly-skilled and better-educated workers
B. The entrance of larger numbers of less-experienced less-skilled workers into the workforce
C. An increase in the number of households headed by single or divorced women
D. The decline of unionism in the U.S. workforce
C. An increase in the number of households headed by single or divorced women
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How did the Fed peg interest rates during World War 2?
A) by setting a low federal funds rate B) by agreeing to purchase any bonds that were not purchased by private investors C) through extensive use of discount loans D) through nationalization of the banking system
The functions carried out by the Federal Reserve Banks include
a. supervising member banks in their districts. b. serving as fiscal agents for the federal government. c. supplying money in the form of Federal Reserve notes. d. All of these.
Worldwide statistics prove that, when economies experience recessions, unemployment rates rise and wages fall
a. True b. False Indicate whether the statement is true or false
Specialization allows for
A) more consumption for all trading partners. B) more consumption for the trading partner with the comparative advantage. C) more consumption for the trading partner with the absolute advantage. D) equal consumption among trading partners.