Questions from General Economics


Q: Which of the following had the effect of increasing income inequality?

Which of the following had the effect of increasing income inequality? a) The increase in the female labor force participation rate b) The decrease in globalization of capital c) The increase in gl...

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Q: Looking at the Figure 32.3, maintaining Pfloor as the

Looking at the Figure 32.3, maintaining Pfloor as the target minimum price (rather than equilibrium) by having the government purchase how much of the product farmers wished to produce would cost the...

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Q: The argument that the minimum wage hurts society more than it helps

The argument that the minimum wage hurts society more than it helps is based on ________analysis. a) consumer and producer surplus b) production possibilities c) aggregate supply–aggregate demand d...

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Q: History suggests that rent control laws a) tend to be

History suggests that rent control laws a) tend to be declared unconstitutional. b) tend to be overturned soon after they are adopted. c) tend to become a permanent fixture of a community. d) are...

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Q: If all K–12 schools were privately owned with a constant

If all K–12 schools were privately owned with a constant subsidy paid by the government to the school for each student enrolled, what would be one potential and likely negative consequence? a) Cherry...

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Q: The rational criminal model draws a parallel to the thought processes of

The rational criminal model draws a parallel to the thought processes of a) investors. b) educators. c) law enforcement officers. d) politicians.

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Q: If all K–12 schools were privately owned with a constant

If all K–12 schools were privately owned with a constant subsidy paid by the government to the school for each student enrolled, what would be one potential and likely negative consequence? a) Cherry...

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Q: The distribution of aid to the poor between in-kind and

The distribution of aid to the poor between in-kind and in-cash is a) roughly equal. b) weighed heavily toward in-cash benefits c) weighted slightly toward in-kind benefits d) weighted heavily to...

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Q: Current evidence suggests that the long-term benefits of Head Start

Current evidence suggests that the long-term benefits of Head Start are a) sufficiently positive to make the net present value positive. b) sufficiently positive such that when added to the short-...

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Q: The asset substitution effect implies that Social Security will _______ from where

The asset substitution effect implies that Social Security will _______ from where it would have been without it. a) increase savings b) increase work c) decrease work d) decrease savings

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