The extent of discrimination is
a. measured by the differences in incomes.
b. the reason for two-thirds of the income differential between black male workers and white male workers.
c. difficult to quantify and controversial.
d. easily measured for each category of workers.
c
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Aggregate income equals: a. the sum of income earned by all laborers in the world economy
b. the sum of income earned by all workers in the private sector. c. the sum of the income earned by all the resource suppliers in an economy. d. the total income of all employees after payment of income tax. e. the total income of all employees after purchases of necessities.
Which of the following groups believes that by managing aggregate demand, government can achieve the most acceptable combination of unemployment and inflation?
a. classical school b. monetarists c. neo-Keynesian school d. rational expectations school e. supply-side school
By the year 2100, global warming may lead to
a. shifts in world rain patterns. b. disruption of agriculture. c. expanded deserts. d. coastal inundation. e. all of the above
The U.S. national debt at the end of fiscal year 2014 was almost
a. $13.5 trillion. b. $9.0 trillion. c. $18 trillion. d. $1.3 trillion.