How many households in the United States receive their incomes mainly from the business sector?
A. 300 million
B. 117 million
C. 50 million
D. 39 million
B. 117 million
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Adam Smith believed that markets coordinated the self-interests of consumers.
Answer the following statement true (T) or false (F)
Along the supply curve of lifeguards at local public pools,
a. the wage paid to lifeguards is held constant b. the number of lifeguards is held constant c. the wage paid to lifeguards at private clubs is held constant d. the demand for lifeguards is assumed constant e. the admission price to these public pools rises as the wage rate for lifeguards increases
A decrease in the capital gains tax on income made from new capital investment will:
A. shift the supply of saving curve to the right. B. shift the demand for investment curve to the left. C. shift the supply of saving curve to the left. D. shift the demand for investment curve to the right.
According to the Reverend Thomas Malthus
A. population tends to grow until checked by a shortage of food. B. population tends to grow until checked by a shortage of oxygen. C. population tends to grow unless checked by religious or moral restraints. D. economics is a dismal science.