Economics Multiple Choice Questions Two Essay

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5.3 A. Increase; decrease

6.0 D. All of these arguments provide reasons for why productivity could be higher for union workers.

1.1 D. Hungry

1.2 Plot each Quintile number one through four for each country using the appropriate color for each country.

1.3 D. Brazil

2.0 C. The ratio of the total income of the lowest quintile of the income distribution to the total income of the highest quintile of the income distribution in higher in France than in Germany.

3.0 A. Workers are being paid too little in this labor market, and the best way to rectify this is to train them to be more productive.

4.1 B. 40%

4.2 C. High school students, retirees, undergraduates, graduates, professors

4.3 C. There is not enough information to make a conclusion.

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5.1 D. No evidence of

5.2 D. 40%

5.3 B. 20%

1.0 B. Risk of default

2.0 B. RNE should buy the machine, because it will last forever and, since it generates an extra

$1,000 per year it will pay for itself in ten years.

3.1 The supply lines needs to be moved to show a decrease in demand as the price increases which will cause the interest rates to also increase.

3.2 The supply line needs to be moved to show an increase in investment demand which then will cause the interest rate to decrease.

3.3 The supply line needs to be moved to show a decrease in investment demand which causes the.....

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