If Bratty Brad decides not to hit Mousey Mike, what would Mousey Mike's best response be?
a. Tell
b. Not tell
c. Run
d. Hide
a
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Unemployment that results when individuals who have voluntarily quite their jobs are seeking jobs is called
A) cyclical unemployment. B) turnover unemployment. C) mismatch unemployment. D) natural unemployment.
A recession runs from the
A) peak of the business cycle to its trough. B) peak of the business cycle to a recovery. C) expansion of a business cycle to its peak. D) trough of a business cycle to its peak. E) trough of a business cycle to its expansion.
Consider a world with two income earners and an income tax. Individual A earns $25,000 and pays $1,000 in taxes. Individual B earns $100,000 and pays $4,000 in taxes. Which of the following best classifies the income tax system in this world?
a. proportional b. progressive c. regressive d. sumptuary
Using the Lorenz curve, the degree of income inequality is measured by the:
a. line connecting all points for which a given percentage of families receives exactly that cumulative percentage of income. b. distance of the Lorenz curve from the line of perfect equality. c. flat diagonal line that applies to a perfectly elastic demand curve. d. number of times the Lorenz curve crosses the line of perfect equality.