An example of a job that usually involves a revenue-sharing plan would be:
A. car salesman.
B. insurance agents.
C. waiters and waitresses.
D. All of the statements associated with this question are correct.
Answer: D
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The stagflation in the United States during the 1974-1975 period can be attributed to
a. increases in real GDP due to high levels of defense spending. b. tight monetary and fiscal policies of the Nixon-Ford administrations. c. rapid increases in petroleum prices, poor harvests, and the removal of wage and price controls. d. budget deficits by the federal government and increasing trade deficits by the United States.
If the Fed adopts a contractionary monetary policy, eventually we can expect _____
Fill in the blank(s) with the appropriate word(s).
If the benefits from an antipoverty program are phased out as an individual's income increases, the program will
a. cost the government more than a program that benefits everyone. b. increase the effective marginal tax rate that the poor face. c. encourage greater work effort from the poor. d. lead to an excess supply of labor among unskilled workers.
Which of the following is the best example of an oligopolistic industry?
A. convenience stores B. smartphone manufacturing C. public utilities D. book publishing