Taxing savings will cause people to save more.
A. True
B. False
C. Uncertain
C. Uncertain
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In 2011, a dollar could be traded for 100 yen and in 2012 a dollar could be traded for 90 yen. Between these two years, the dollar has become ________ valuable and so the dollar has ________
A) more; appreciated against the yen B) less; depreciated against the yen C) more; appreciated against the dollar D) less; appreciated against the yen E) more; depreciated against the yen
With a natural monopoly,
A) no regulation is necessary because it is a natural monopoly. B) regulation takes the form of forcing competition from new firms. C) regulation takes the form of forcing the company out of business. D) regulation can take the form of average cost pricing to allow coverage of costs. E) regulation takes the form of breaking the company into several competing firms.
In a country with a working-age population of 30 million, 18 million are employed, 2 million are unemployed and 2 million of the employed are working part-time, half of whom wish to work full-time. The labour force participation rate is
A) 60 percent. B) 66.7 percent. C) 53.3 percent. D) 73.3 percent E) none of the above.
Maria buys a cup of coffee every day after her economics class. The first cup of coffee always tastes wonderful. The second does not taste quite as good as the first. The third does not taste quite as good as the second. Maria is experiencing
A) irrational behavior. B) the law of diminishing marginal utility. C) the income effect. D) the substitution effect.