Economic resources in the capitalist system are brought together by:
A. labor unions.
B. entrepreneurs.
C. the managerial elite.
D. government units.
Answer: B
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Tory applies for a line of credit which she intends to use for a once in-a-lifetime dream vacation. This transaction is subject to
a. no federal law. b. the Consumer Leasing Act. c. the Consumer Product Safety Act. d. the Truth-in-Lending Act
The lowest marginal tax rate used in the United States is
A. 10 percent. B. 28 percent. C. 33 percent. D. 39.6 percent.
Some economists see monopolies as inevitable, but not necessarily bad. They recommend a policy of
a. regulating prices b. nationalization c. laissez-faire d. encouraging concentration e. splitting up the monopoly
During recent Global Economic Crises, consumers' wealth in the U.S. declined as a result of all of the following EXCEPT
A) the stock market crash. B) pricking of the housing bubble. C) increased household borrowing. D) aggressive fiscal policy.