The salary of the president of the United States in 2000 was $400,000 . In 1940, the president's salary was $75,000 . If the Consumer Price Index was 8.1 in 1940 and 100 in 2000 . the 1940 presidential salary measured in terms of the purchasing power of the dollar in 2000 would be:
a. less than $75,000.
b. less than $400,000.
c. approximately $668,850.
d. approximately $926,000.
d
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In the U.S., banks
A) cannot be forced to sell assets that the bank examiner deems too risky. B) can be forced to sell assets that the bank examiner deems too risky. C) can be forced to sell assets that the bank examiner deems too risky only after a court order. D) can be forced to sell assets that the bank examiner deems too risky only after both examiners from the Fed and from the FDIC agree. E) can be forced to trade assets that the bank examiner deems too risky.
Discouraged workers are included in the
a. labor force category. b. unemployed category. c. not in the labor force category. d. employed category.
The marginal product of labor may increase rapidly initially as more
A. total product is decreasing. B. workers will get crowded in a fixed factory. C. workers are able to specialize. D. the amount of other inputs is held constant.
In order for price discrimination to exist
A) markets must be capable of being separated. B) markets must be interdependent. C) different demand price elasticities must exist in different markets. D) demand price elasticities must be identical in all markets. E) Both A and C