The international debt crisis of early 1982 was precipitated when ________ could not pay its international debts
A) Russia
B) Mexico
C) Brazil
D) Malaysia
E) China
B
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Suppose a profit-maximizing firm in a perfectly competitive market is earning an economic profit of $1,345. If the firm's fixed cost increases from $200 to $300, the firm will:
A. earn a smaller profit. B. reduce its output. C. earn a greater profit. D. raise its price.
The government can facilitate the transfer of unskilled workers to high-skilled jobs by
A) increasing tariffs to speed the development of jobs requiring skilled labor. B) laying off skilled workers to provide jobs for unskilled workers. C) providing assistance for education and training for unskilled workers. D) increasing tariffs to help unskilled workers.
Rising agricultural prices and opportunities to own land provided people with incentives to migrate to the trans-Appalachian states
Indicate whether the statement is true or false
Which of the following was true regarding conventionally measured income inequality in the U.S. during 1968 to 2007?
A. The income share of the top 1% of income earners tripled over this period. B. There was a steady decline in the income share of the top 5% of income earners during this period. C. The income share of the top 25% of income earners remained below 60% during 1968-2007. D. The conventional measure of income inequality showed that it was significantly low during this period compared to any other time period.