What is the percentage of income received by the upper two quintiles on line K?
70
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The Soviet Union's economy grew rapidly in terms of GDP per hour worked in the 1950s, but eventually this growth slowed. Why did this occur?
A) Capital per hour worked grew rapidly from 1950 to 1980, but technological change occurred very slowly. B) Increasing implementation of new technologies eventually suffered diminishing marginal returns. C) Capital per hour worked grew slowly, but technological change grew very rapidly. D) The centrally planned economy invested too heavily in technological change.
The Environmental Protection Agency (EPA) administers all of the following acts except the
a. Clean Air Act b. Water Pollution Control Act c. Safe Drinking Water Act d. Toxic Substances Act e. Federal Reserve Act
Suppose the population (age 16 and over) of Cameroon is 250 million; 10 million are unemployed, and 125 million hold jobs. The employment/population ratio in Cameroon is
a. 8 percent. b. 50 percent. c. 54 percent. d. 92 percent.
Which of the following might explain the beauty premium found by labor economists Hamermesh and Biddle?
a. Good looks are an innate ability for some jobs, which results in higher productivity and higher wages. b. Good looks may be an indirect measure of other types of ability such as attention to detail. c. If better-looking people earn more than average-looking people, employers may be discriminating based on personal appearance. d. All of the above could explain the beauty premium.