ECONOMICS
MULTIPLE CHOICE
1. Wealth or net worth is equal to (Points : 1)
2. The utility possibilities frontier is a graphic representation of a two-person world that shows all points at which A's utility can be ________ . (Points : 1)
3. Paula was born with an aptitude for learning languages. This aptitude is an example of ________. (Points : 1)
4. Evidence suggests that in the last several decades, technology has played a role in driving inequality. Thus, ________ may be key to reducing inequality in the future. (Points : 1)
5. In 2007 about 14% of personal income in the United States came from (Points : 1)
6. If there are external costs of production not accounted for, then marginal (Points : 1)
7. The bottom fifth of families in the income distribution receive most of their income from ________ income. (Points : 1)
l
8. Tax shifting ________ . (Points : 1)
9. The payroll tax for Social Security in the United States is (Points : 1)
10. The top 1% of families in the income distribution receive most of their income from ________ income. (Points : 1)
Click here for the SOLUTION
