And now for the social sciences in my Wabash trivia challenge.
Category 3: Division III – The Social Sciences
Economics, from Dr. Joyce Burnette:
21. Name the chairman of the Federal Reserve.
22. How many countries are members of the United Nations?
Economics, from Dr. Peter Mikek:
23. Which of the following is NOT an important determinant of REAL wages for the whole economy?
a.) Quantity of output per unit of input
d.) Number of hours worked
24. Which of the following does NOT equal an increase of money supply for a whole economy?
a.) Increase of all balances on checkable deposits
b.) Increase of the value of traveler’s checks
c.) Increase of aggregate savings
d.) Increase of all balances on saving deposits