Housing prices have increased about _______ percent since 1970 due to the active market for real estate in desirable neighborhoods near good schools.
A. 30
B. 50
C. 70
D. 100
C. 70
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Transforming the tax base of an income tax by subtracting savings has the advantage that _____
a. a progressive rate structure can be applied to a consumption tax b. all income can be taxed at a flat rate c. it double taxes income d. it guarantees progressivity
Identify the correct statement from the following
a. Wages offered for a particular type of job are the same across the country. b. The labor market exhibits rapid adjustment to changes in supply or demand conditions. c. The labor market usually yields a range of wages rather than a unique equilibrium. d. Wages exhibit frequent and prompt changes in response to changes in market conditions.
What does job specialization do?
a. It allows workers to focus on the parts of the production process where they have an advantage. b. It allows workers to focus on all aspects of the production process. c. It allows organizations to maximize the tasks in which workers perform. d. It allows the production process to be performed by a single worker.
Ignoring risk differences, if we observe American investors purchasing foreign bonds when the U.S. interest rate is above the foreign interest rate, we could assume that:
A. these investors expect the dollar to appreciate over the life of their investment. B. American investors lack good information. C. these investors expect that U.S. inflation will slow. D. these investors expect the dollar to depreciate over the life of their investment.