The average American's standard of living continues to improve due to two key factors. What are these factors? Provide explanatory comments about each factor
What will be an ideal response?
The two key factors appear to be the shift in women's roles and increases in educational attainment.
a. The shift in women's roles—Mothers with preschool children are the fastest-growing segment of working people, many of them working in high-paying occupations. This increase is a primary reason for the rapid growth of middle-and upper-income families.
b. Increases in educational attainment—college graduates earn about 50 percent more than those who have only graduated from high school.
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Consider Table 4.1. The effective tariff rate equals
a. 11.1 percent. b. 16.7 percent. c. 50.0 percent. d. 100.0 percent.
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Complete the table to show how each type of employee pay is generally stated
Employee pay Generally stated as Salary Wages Commission Bonus Benefits What will be an ideal response