Regardless of your political identity, you either have a good or poor understanding of economics. If you think you can - correctly answer the following questions:
TRUE/FALSE: Mandatory licensing of professional services increases the prices of those services.
TRUE/FALSE: Overall, our standard of living is higher today than it was 30 years ago.
TRUE/FALSE: Rent control leads to housing shortages.
TRUE/FALSE: A company with the largest market share is a monopoly.
TRUE/FALSE: Third World workers working for American companies overseas are being exploited.
TRUE/FALSE: Free trade leads to unemployment.
TRUE/FALSE: Minimum-wage laws raise unemployment.
(Correct answers will be provided tomorrow)
2 comments:
Okay, Alvin---It's now tomorow, so since I took the quiz, I'm awaiting the answers. I'm not an economist, so I probably got them all wrong.---RM
Thanks RM,
I just posted the answers.
Post a Comment