Before Social Security, 51 percent of men over age 65 worked. Today that number is
A. 9 percent.
B. 32 percent.
C. 43 percent.
D. 24 percent.
Answer: D
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The income earned by the people who sell the services of the factor of production ________ is called ________
A) capital; rent B) entrepreneurship; wages C) land; profit D) entrepreneurship; profit
Refer to Table 11-4. In the table above, which countries are consistent with the predictions of the economic growth model?
A) all four countries B) Japan and Guatemala C) only Japan D) Botswana and Thailand
Behavioral economists use which technique to test economic theory?
A) controlled experiments B) price theory C) environmental economics D) lie detector tests
If protective import-restricting tariffs are imposed by a country, in the majority of cases that nation's consumers end up
A) paying a higher price for the good than they otherwise would. B) paying a lower price for the good than they otherwise would. C) consuming more of the good than they otherwise would. D) having a higher standard of living than they otherwise would.