People over the age 16 with full-time jobs are considered to be
A) in the labor force and employed.
B) unemployed.
C) in the labor force unemployed.
D) in the working-age population only because they have full-time jobs.
E) not in the labor force.
A
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With a two-part tariff:
A. consumers simply pay a fixed fee if they buy anything at all. B. consumers pay a fixed fee if they buy anything at all, plus a separate per-unit price for each unit they buy. C. consumers pay a fixed fee if they buy anything at all, plus an annual fee for the right to purchase anything. D. consumers simply pay a fee for the right to buy anything.
Which of the following can make it very difficult for monetary policy to address a recession?
a. velocity b. inflation c. deflation d. aggregate demand
Refer to the information provided in Figure 4.1 below to answer the question(s) that follow.
Figure 4.1Refer to Figure 4.1. Assume that initially there is free trade. If the United States then imposes a 10-cent tax per apple,
A. U.S. imports of apples will increase by 6 million per day. B. the quantity of apples demanded will be reduced by 4 million apples per day. C. the price of apples in the United States will increase to 40 cents per apple. D. the quantity of apples supplied by U.S. firms will increase by 6 million apples per day.
The ________ principle of taxation is not often used because it is difficult to determine the values individual taxpayers place on goods and services that are produced using tax revenue.
A. vertical equity B. horizontal equity C. benefits-received D. ability-to-pay