In the last few decades, income inequality in the United States has ________ mostly because of the ________
A. increased; gains by the rich.
B. increased; poor getting poorer.
C. decreased; stagnation by the economy in general.
D. decreased; gains by the poor.
Answer: A
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The primary tool utilized by the Federal Reserve today in conducting monetary policy is
a. the discount rate. b. reserve requirements. c. open market operations. d. selective credit controls.
The Department of Transportation certifies motorcycle helmets, and all helmets certified carry a "DOT" logo. This is an example of
A) government overreach. B) screening. C) signalling using established standards. D) licensing to restrict entry by helmet manufacturers.
If an increase in one variable causes a decrease in another variable, this is
A) a direct relationship. B) a dependent relationship. C) an independent relationship. D) a negative relationship.
The ability to produce a good or service at a lower opportunity cost than other producers is
A. special advantage. B. opportunity advantage. C. absolute advantage. D. comparative advantage.