About what percentage of the U.S. labor force works under union wage contracts?
A) 50 percent
B) 35 percent
C) 25 percent
D) 10 percent
D
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Which type of main institution in the international capital market most often is involved in foreign exchange intervention?
A) central banks B) non-bank financial institutions C) insurance companies D) corporations E) commercial banks
The market demand curve is
a. any individual's demand curve multiplied by the number of consumers in the market b. the relationship between income and quantity demanded c. the horizontal sum of the individual demand curves for all consumers in the market d. the vertical summation of all individual demand curves e. the sum of prices paid at each quantity demanded
The above diagram shows the short-run average total cost curves for five different plant sizes of a firm. In the long run the firm should produce output 0x with a plant of size:
A. #3. B. #2. C. #4. D. #1.
Which of the following best reflects the ability-to-pay philosophy of taxation?
A. Progressive income taxes. B. Excise taxes on gasoline. C. Taxes on residential property. D. Excise taxes on coffee.