Relating to the Economics in Practice on page 374: Considerable evidence suggests that recently in the United States,________ has increased and ________ has stagnated.
A. the real wage for women; the real wage for men
B. the real wage; the nominal wage
C. the nominal wage of the average worker; executive compensation
D. executive compensation; the real wage of the average worker
Answer: D
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Use the following graph to answer the next question. Which of the following statements is correct on the basis of the information shown?
A. The GDP price index equals 100 in 2000. B. The GDP price index is less than 100 in 2010 C. The GDP price index is greater than 100 in 1990. D. Without additional data, the value of the GDP price index cannot be known for any year in the graph above.
Martin, a U.S. citizen, travels to Mexico and buys a newly manufactured motorcycle made there. His purchase is included in
a. both Mexican GDP and U.S. GDP. b. Mexican GDP, but it is not included in U.S. GDP. c. U.S. GDP, but it is not included in Mexican GDP. d. neither Mexican GDP nor U.S. GDP.
The Industrial Revolution refers to the rise of the modern factory system in ________ during the late eighteenth and early nineteenth centuries.
A. France B. the United States C. England D. Germany
School voucher programs
A. have not been tried in the United States. B. have had modest success in some experimental locations. C. are universally hailed by teachers unions. D. have had students perform much worse than equally-situated students in public schools.