All Matches

Solution Library

Expert Answer

Textbooks

Search Textbook questions, tutors and Books

Oops, something went wrong!

Change your search query and then try again

Result Not Found

Books FREE
Tutors
Study Help
Hire a Tutor
AI Study Help New

Search
Sign In
Register

study help
business
microeconomics

Questions and Answers of Microeconomics

On average, ________.a) people with professional degrees earn about twice as much as high school dropoutsb) college graduates earn about four times as much as high school graduatesc) Most high
Which statement is true?a) The minimum wage has kept up with the rate of inflation.b) Average real hourly earnings are much higher today than they were in 1973.c) A college degree is definitely
Which statement is true?a) The average hourly wage in the United States is $7 . 2 5 an hour.b) If the minimum wage rate were lowered, more unskilled workers would fi nd jobs.c) The hourly wage
Which statement about production workers is true?a) They earn more in the United States than anywhere else in the world.b) They earn more in the United States than almost anywhere else in the
Beth Schulman makes the point that workers in nursing homes, retail stores, hotels, and child care are _______.a) well paid considering that their work is not very importantb) lucky they have jobs
Which statement is true?a) The federal minimum wage has ensured that virtually everyone employed full-time earns enough to support a family above the poverty line.b) The federal minimum hourly wage
Which statement is the most accurate?a) The fall in real wages between 1973 and 1993 was the longest in our history.b) Although real wages fell between 1973 and 1993, by 2007 they were the highest
Which statement is true?a) Only 15 percent of the Fortune 500 corporations are headed by either women or African American men.b) In most occupations, women earn about the same as men.c) The wage
Which statement is the most accurate?a) Employment discrimination has been almost entirely wiped out over the last few decades.b) The glass ceiling no longer exists.c) Nearly everyone agrees that
A woman is most likely to earn as much as a man in the same occupation if she is a _______. a) cashierb) lawyerc) college professord) physician
Which of these groups has the lowest earnings?a) Hispanic women.b) Hispanic men.c) African American women.d) African American men.
The dual labor market consists of a(n) _______ market and a (n) __________ market.
The substitution effect (on the backward-bending labor supply curve) takes place when ___________.The income effect takes place when ____________.
The wage rate is always determined by two factors: ________________and ___________.
Economic rent is ___________.
By real wages, economists mean what you can ___________.
If the minimum wage were eliminated, wages would definitely __________ for some marginal workers, and the employment of marginal workers would definitely __________.
If the minimum wage were abolished, there would be a substantial increase in the employment of marginal workers only if the MRP for marginal labor was very __________ and the supply of marginal labor
Ms. Spielvogel was paid $400 a week in 1987, the base year. By 1995 she was earning $900 a week. If the consumer price index was at 180 in 1995, how much were Ms. Spielvogel’s real wages that year,
Karryn Bilski made $2,400,000 in 2001, the base year. By 2004 she was earning $3,600,000. If the CPI rose to 120 by 2004, how much were her real wages that year, and by what percentage had they
An increase in the minimum wage to $6 would cause _______million people to lose their jobs. Wage rate ($ per hour) S 8 7 6 5 4 Figure 1 10 20 S D 30 40 50 60 70 80 80 90 100 Number of people employed
An increase in the minimum wage to $7 would cause _____________ million people to lose their jobs. Wage rate ($ per hour) 9 8 7 5 4 Figure 1 10 20 S D 30 40 50 60 70 80 90 100 Number of people
Mr. Dostievsky earned $40,000 in 1999, the base year. By 2006 he was earning $80,000. If the consumer price index was at 160 in 2006, how much would Mr. Dostievsky’s real wages be that year, and by
Practical Application: Would you consider becoming a payday lender? List the re a son why you would and why you would not.
Web Activity: What is the present value of $10,000 10 years from today if the interest rate is 10 percent? You can find the answer in about five seconds by going
Which statement is true?a) All land has the same economic value.b) The most important factor affecting rent is location.c) The economic value of a plot of land is determined exclusively by the raw
The supply of land ______. a) is fixedb) varies from time to timec) rises with demandd) is higher in urban areas than in rural areas
Land is most efficiently used in ________.a) citiesb) suburban areasc) rural areas
The rent on a particular piece of land is based on ________.a) the supply of landb) the buildings located on that landc) the MRP schedule of the highest bidderd) the MRP schedule of the lowest
When the demand for a plot of land rises, ________.a) its supply will fallb) its supply will risec) its price will falld) its price will rise
The supply of land is _______.a) perfectly elasticb) perfectly inelasticc) relatively elasticd) variable in elasticity
Each of the following is a valid criticism of Henry George’s ideas except that _________.a) a tax on land would raise only a small fraction of needed government revenueb) landlords sometimes
Which statement is true? a) Prices are high because rents are high.b) Rents are high because prices are high.c) David Ricardo believed high rents would drive English farmers out of
As interest rates rise ______.a) more borrowing will be undertakenb) less borrowing will be undertakenc) there is no change in the level of borrowing.
In the Middle Ages the taking of interest was forbidden to ________.a) both Jews and Christians, but not Muslimsb) both Christians and Muslims, but not Jewsc) both Jews and Muslims, but not
A clothing store on fashionable Rodeo Drive charges more for the same clothes than another store in less fashionable Compton. Why does the first store charge more? a) It has to pay a higher
If there were no inflation, a dollar today would be worth _______.a) exactly the same as a dollar received in the futureb) more than a dollar received in the futurec) less than a dollar received
Which statement is true?a) Profits are determined by supply and demand.b) Profits are solely a reward for risk taking and innovation.c) Profits are derived solely from the exploitation of
Which statement is true?a) Profits are about one-quarter of GDP.b) Profits are about 1 percent of GDP.c) Accounting profits are larger than economic profits.d) None of the above.
Which economist believes all profits are linked with uncertainty and risk?a) Frank Knightb) Joseph Schumpeterc) Karl Marxd) John Maynard Keynes.
“Innovations do not remain isolated events, and are not evenly distributed in time, but . . . on the contrary they tend to cluster, to come about in bunches, simply because some, and then most,
The horizontal dotted line is __________.a) a price ceilingb) a price floorc) either a price ceiling or a price floord) neither a price ceiling nor a price floor. Interest rate (%) 40 32 24 16 8
If there were no usury law, the interest rate would be percent. a) 16b) 18c) 20d) 22e) 24
With the usury law in effect there is a _______ of _______ billion.a) shortage, $28b) surplus, $28c) shortage, $56d) surplus, $56
The present value of a dollar declines as ________.a) the interest rate declines and the number of years you wait for your money declinesb) the interest rate rises and the number of years you wait
Which statement is true?a) Only the owners of labor can earn an economic rent.b) Only the owners of land can earn an economic rent.c) Both the owners of land and labor can earn an economic
Which statement is true?a) At different times in history Jews, Christians, and Muslims were forbidden to charge inter est.b) Jews have never been forbidden to charge interest.c) Christians have
For a usury law to be effective, it must set the interest rate ceiling ________.a) above the equilibrium rate of interestb) below the equilibrium rate of interestc) at exactly the equilibrium rate
Which is the most accurate statement about payday lenders? a) Virtually all of them operate illegally.b) Payday lending operations prey primarily on military service members and their
If you took out a payday loan, you could expect to pay an annual interest rate of _____.a) less than 5 percentb) between 5 and 10 percentc) between 10 and 30 percentd) between 30 and 100
The practice of usury _______.a) is illegal in the United Statesb) is legal in some states and illegal in othersc) is legal only if borrowers are in the military serviced) was approved of by most
These lenders avoid using the term interest, but their borrowers still do pay a charge for borrowing money. This would be considered ___________lending.a) Islamicb) paydayc) fringed) subprime
Why do Starbucks customers at busy downtown locations in major cities pay more for a cup of coffee than they would at less busy locations?a) Starbucks coffee is better than that of any other
Which statement is true?a) A dollar today is worth more than a future dollar because of inflation.b) A dollar in the future is generally worth more than a dollar today.c) There is no way to
Which of the following statements is true?a) In 2012 Apple was the most profitable corporation.b) In 2012 ten corporations had profits of over $20 billion.c) In 2012 two corporations each made
The amount of rent paid for a piece of land is based on the________ and the ______________.
In economic terms, we pay rent only on_____________.
Plots of land are differentiated mainly with respect to ____________.
The amount of land in the world is virtually ___________.
In a demand and supply graph for land, supply is represented by a(n)_________-line.
The main thing Henry George advocated was a(n)___________.
An important attribute of rent overlooked by Henry George was its role as a( n )_________ , directing the most productive enterprises to the ______________.
Rent is high because _____________________.
We can add to our stock of ____________by means of a flow of ___________.
The interest rate is determined by the law of________ and________ .
If the interest rate were 7 percent, $100 today would be worth _______in dollars you will have one year from now.
If interest rates fall, the present value of future dollars will ________.
Economists treat profits as a( n )________ left to the entrepreneur after ________,, and___________ have been paid.
If the interest rate is 10 percent and a dollar will be paid to you in three years, what is the present value of that dollar (to the nearest 10th of a cent)?
What is the present value of $10,000 that will be paid to you in four years if the interest rate is 8 percent? Work it out to the nearest cent.
If the interest rate is 12 percent and a dollar will be paid to you in four years, what is the present value of that dollar (to the nearest cent)?
Which has a higher present value:(a) $100 in 10 years when the interest rate is 2 percent, (b) $100 in 3 years when the interest rate is 8 percent?
Which would you rather have:(a) $1,000 in 6 years if the interest rate is 4 percent, (b) $1,000 in 3 years if the interest rate is 8 percent?
Which is worth more: (a) $100 today, or (b) $300 in 15 years if the interest rate is 8 percent?
Which is worth more:(a) $500 today, (b) $1,000 in 9 years if the interest rate is 8 percent?
What’s the difference between the distribution of income and the distribution of wealth? Describe the distribution of income and the distribution of wealth in the United States.
Web Activity: Are you eligible for the Earned Income Tax Credit? Find out at www.bankrate.com/calculators/tax-planning/earned-income-tax-creditcalculator.aspx.
Web Activity: Do you want to be a billionaire? Aside from inheriting money, in which three industries or economic sectors have our 100 richest billionaires made their fortunes? Go to
Most social scientists define the poor as being the lowest________ percent of our income recipients. a) 10b) 20c) 3d) 40e) 50
Which statement is the most accurate?a) Although there are several theories of poverty, it is possible to formulate just one theory which completely explains 99 percent of all poverty in the United
The Darity–Myers thesis is an attempt to explain _______.a) black povertyb) the poverty of elderly personsc) worldwide povertyd) the permanent underclass.
An equal distribution of income would _________.a) hurt both the work incentive and the incentive to saveb) hurt neither the work incentive nor the incentive to savec) hurt the work incentive but
Doctors earn more than people in other professions basically because ______.a) they need to be compensated for all those years they spent in schoolb) they are in short supply relative to the demand
More poor people live in ________ than in any other area of the United States.a) citiesb) suburbsc) smaller metropolitan areasd) rural communities.
Compared to their levels in 2003, the poverty line has __________ and the minimum hourly wage has ______.a) gone up, gone upb) stayed the same, stayed the samec) gone up, stayed the samed) stayed
Compared to the average net worth of white families, the average net worth of black and Hispanic families isa) less than one-tenthb) about halfc) almost equald) somewhat larger
Each of the following is a major source of great wealth except ______. a) earning large salariesb) starting up new companiesc) owning real estated) receiving an inheritance
Which is not aimed solely at the poor?a) food stampsb) public assistancec) Social Securityd) Medicaid
If demand falls and supply stays the same, equilibrium price will _____, and equilibrium quantity will _____.
If supply rises and demand stays the same, equilibrium price will _____, and equilibrium quantity will ______.
If quantity supplied were greater than quantity demanded, market price would ________.
Equilibrium price is always determined by ______and _______.
As price is lowered, quantity supplied ______.
Shortages are associated with price ______; surpluses are associated with price _________.
If supply falls and demand remains the same, equilibrium price will ______, and equilibrium quantity will ________.
Price floors and price ceilings are set by ______.
Interest rates are set by _______and _________.
What happens to interest rates when the demand for money rises? _______.
When the supply of money falls, interest rates _________.
Equilibrium price is about $ ________. Price ($) 24 22 20 18 16 14 12 10 8 6 4 0 10 Figure 3 20 30 40 50 Quantity 60 S D 70 80 90 100

Showing 7500 - 7600 of 8366

First
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
Last

Services

Sitemap
Fun
Definitions
Become Tutor
Study Help Categories
Recent Questions
Expert Questions

Company Info

Security
Copyrights
Privacy Policy
Terms & Conditions
SolutionInn Fee
Scholarship

Get In Touch

About Us
Contact Us
Career
Jobs
FAQ
Campus Ambassador

Secure Payment

Download Our App

© 2024 SolutionInn. All Rights Reserved