In 1980, ________ of full-time employees in large and midsize private firms participated in ________ plans.
A. 84 percent; defined contribution
B. 16 percent; 401(k)
C. 16 percent; Social Security
D. 84 percent; defined benefit
Answer: D
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Net exports include goods produced
A) domestically that are sold abroad, less goods that are produced abroad that are sold domestically. B) domestically that are sold abroad, less goods produced domestically that are sold domestically. C) domestically that are sold domestically, less goods produced domestically that are sold abroad. D) abroad that are sold domestically, less goods that are produced domestically that are sold abroad.
The figure above illustrates the current market for fast-food workers in Baltimore
a. Without any government intervention, what is the equilibrium wage rate and amount of employment? b. If the city government imposes a minimum wage of $3 an hour, what is the amount of employment? Does the minimum wage create any unemployment? Why or why not? c. If the city government imposes a minimum wage of $6 an hour, what is the amount of employment? Does the minimum wage create any unemployment? Why or why not?
A theory can best be defined as
a. an untested assertion of untested fact. b. a collection of assumptions that simplify the real world. c. an opinion of a reliable person who studies a subject or discipline. d. a deliberate simplification of factual relationships that attempts to explain how those relationships work. e. the body of knowledge that has been scientifically verified by the scientific community.
Which of the following represents a way that a government can help the private market to internalize an externality?
a. taxing goods that have negative externalities b. subsidizing goods that have positive externalities c. The government cannot improve upon the outcomes of private markets. d. Both a and b are correct.