Bob is unemployed because his skills have become obsolete due to technological advances. This is ____ unemployment.
A. frictional
B. structural
C. cyclical
D. seasonal
Answer: B
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Disclosing information in more usable ways to decision-makers:
A. can nudge people toward making better decisions. B. effectively eliminates certain choices from a person's options. C. will never affect a person's decision. D. increases instances of rational ignorance.
If Sophia's tax liability increases from $10,000 to $15,000 when her income increases from $30,000 to $40,000, her marginal tax rate is
a. 33 percent. b. 35 percent. c. 50 percent. d. 60 percent.
Which of the following is a characteristic of consumption according to Keynes?
A) consumption depends on disposable income B) consumption and disposable income have a direct relationship C) when disposable income changes, consumption changes by less D) a and c E) a, b, and c
To the extent that firms base investment decisions on current profits,
a) Tobin’s q theory is supported b) investment spending tends to destabilize the economy c) resources are efficiently allocated d) the hypothesis that available cash flow drives investment is rejected e) taxes, depreciation, and interest rates are irrelevant