Which statement is true?
A. Both craft and industrial unions are organized along the lines of particular skills.
B. Neither craft nor industrial unions are organized along the lines of particular skills.
C. Craft unions—but not industrial unions—are organized along the lines of particular skills.
D. Industrial unions—but not craft unions—are organized along the lines of particular skills.
C. Craft unions—but not industrial unions—are organized along the lines of particular skills.
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A rise in the price level changes aggregate demand because
A) firms increase their investment when prices are higher. B) the real value of people's wealth varies directly with the price level and so does their spending. C) the real value of people's wealth decreases and so they decrease their consumption. D) the more money people have, the more it is worth and hence the more goods and services they demand.
Jane is willing to pay $80 for a pair of shoes. The actual price of the shoes is $50. Her marginal benefit is
A) $80. B) $30. C) $50. D) $1300.
Is an increase in GDP good for America?
A. Yes B. No C. Maybe
Income mobility:
A. contributes to greater wealth inequality in the United States. B. is less in the United States than in most developing nations. C. is the movement of individuals and households from one income quintile to another over time. D. makes lifetime income inequality among income receivers in the United States greater than income inequality in any single year.