Public policies designed to increase labor productivity do not include
a. subsidies for higher education.
b. tax breaks for job retraining.
c. tax breaks on corporate dividends.
d. public education.
C
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If macroeconomics looks at the economy as a whole, it focuses on which of the following?
A. households B. business firms C. unemployed people D. the division of labor
A utility-maximizing consumer equalizes marginal utilities per dollar spent across all goods
a. True b. False Indicate whether the statement is true or false
When a household takes extra (unbudgeted) money on a trip, economists would classify this money as held for a(n):
a. speculative demand. b. transactions demand. c. emergency motive. d. precautionary demand. e. inflationary motive.
An increase in household debt will lead to an increase in consumption expenditures
a. True b. False Indicate whether the statement is true or false