All of the following describes Nazi Germany's economic system, except that
A. the ownership of land, labor and capital was in private hands.
B. it was highly nationalistic with much of its production directed toward military goods and services.
C. the government dictated what was to be produced.
D. a major goal was to redistribute income from the wealthy and the middle class to the poor.
D. a major goal was to redistribute income from the wealthy and the middle class to the poor.
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In 2011, the Census Bureau introduced an alternate poverty measure that is based on:
A. the price of food, and adjusts for geographic differences in the cost of living. B. the prices of food, clothing, shelter, and utilities, and adjusts for geographic differences in the cost of living. C. the price of housing, and adjusts for geographic differences in the cost of living. D. the average income of the lowest quartile of income earners.
Jackson is considering two different jobs, and is indifferent to both of them although one pays $20 per hour and the other pays $25 per hour. This must mean that
a. the higher-paying job must be more dangerous than the lower-paying job b. the higher-paying job enjoys a compensating wage differential of $5 per hour c. Jackson doesn't really need the money d. the lower-paying job enjoys a compensating wage differential of $5 per hour e. the higher-paying job enjoys a compensating wage differential of $20 per hour
Suppose the number of pesos per U.S. dollar is 3 . The aggregate price level in Mexico is 90, and the real exchange rate between the two countries is 2 . The aggregate price level in the United States is _____
a. 60 b. 45 c. 50 d. 55
Features of the labor market that are likely to cause structural unemployment include all of the following except:
A. unemployment compensation. B. minimum wage laws. C. labor unions. D. differences in the skills and experience of workers.