Which of the following workers is most likely to be asked to post a performance bond?
A) construction contractor
B) fast food worker
C) economics professor
D) book author
A
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Explain the law of supply. What does the law of supply imply about the shape of the supply curve?
What will be an ideal response?
Suppose that the Consumer Price Index increased from 100 to 120 between 2011 and 2012. Your nominal wages rose during the same period from $200 a week to $260. By how much did your real income rise?
a. 30 percent b. 16.7 percent c. 8.33 percent d. 12 percent
Lower nominal interest rates ________ the amount of money demanded and a lower price level ________ the amount of money demanded.
A. increase; decreases B. decrease; decreases C. increase; increases D. increase; does not change
Which is true?
A. The federal personal income tax is a progressive tax. B. More than 75 percent of all taxpayers pay more in payroll taxes than personal income taxes. C. The most important source of federal tax revenue is the personal income tax. D. All the choices.