The working population of the United States is approximately
a. 144 million
b. 290 million
c. 300 million
d. 1.3 billion
a
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Refer to the figure above. What is the producer surplus when the price is $70?
A) $800 B) $1,600 C) $2,000 D) $2,800
For each short-run average total cost curve, the ________ the plant, the ________ is the output at which average total cost is at a ________
A) larger; greater; maximum B) larger; greater; minimum C) larger; smaller; minimum D) smaller; smaller; minimum
Which of the following statements accurately expresses evidence that globalization does not encourage a "race to the bottom" in labor standards?
a. The wages paid by multinational firms to their poor countries' subsidiaries are higher than the wages paid in rich countries. b. Poor countries that participate in globalization have quickly become rich. c. Multinational firms tend to pay higher wages than local firms, but they tend to provide lower benefits than existed in the country prior to globalization. d. Multinational firms must sign contracts with the IMF stating that they will offer exceptional worker benefits. e. Multinational firms tend to pay higher wages than local firms and tend to provide greater benefits for workers than existed in the country prior to globalization.
Which of the following examples illustrates a regressive income tax?
a. I earn $500 and pay $50 in taxes; you earn $1,000 and pay $90 in taxes. b. I earn $500 and pay $50 in taxes; you earn $1,000 and pay $100 in taxes. c. I earn $500 and pay $50 in taxes; you earn $1,000 and pay $110 in taxes. d. I earn $500 and pay $50 in taxes; you earn $1,000 and pay $125 in taxes.