Which of the following is a normative statement?
a. A decrease in price leads to an increase in quantity consumed.
b. Incomes grow more rapidly in high-tax states than low-tax states.
c. People would be better off if government expenditures were higher.
d. People will buy less butter at $1.50 per pound than they will at $1 per pound.
c
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If a female supervisor is discriminated against by one of her workers who refuses to cooperate, she may earn lower wages
a. True b. False Indicate whether the statement is true or false
If a nation's Lorenz curve lies on the 45 degree line of income equality, then
A. every household's income level is different. B. more of the nation's income is received by the highest 25 percent of families than by the lowest percent. C. the income received by each 25 percent of families is 25 percent of the total income. D. more of the nation's income is received by the lowest 25 percent of families than by the highest 25 percent.
Explain the difference between a pension fund that is a defined-contribution plan from one that is a defined-benefit.
What will be an ideal response?
As the economy nears the end of an expansion, interest rates usually ________ and wages rise more ________ than prices
A) fall; rapidly B) fall; slowly C) rise; slowly D) rise; rapidly