Each year around Valentine's Day, we would expect:
a. the demand for roses to increase. b. the price of roses to increase.
c. the quantity of roses sold to increase. d. all of these.
d
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An increase in individual income taxes ________ disposable income, which ________ consumption spending
A) decreases; increases B) increases; increases C) decreases; decreases D) increases; decreases
One World View article is titled "Bono Says "Stupid" to Pay Irish Taxes."" The band U2 moved its corporate headquarters to Amsterdam because the Irish government
A. Capped remittances to band members in other countries. B. Capped tax-free royalty income at $360,000. C. Raised taxes on corporate profits. D. Raised marginal tax rates on upper-income earners.
If Joe and Sarah are faced with the game in the figure shown, we can see that:
This figure shows the payoffs involved when Sarah and Joe work on a school project together for a single grade. They both will enjoy a higher grade when more effort is put into the project, but they also get pleasure from goofing off and not working on the project. The payoffs can be thought of as the utility each would get from the effort they individually put forth and the grade they jointly receive.
A. Joe has a dominant strategy, but Sarah does not.
B. Sarah has a dominant strategy, but Joe does not.
C. neither student has a dominant strategy.
D. both students have a dominant strategy.
Which of the following thoughts do the Keynesian and the new Keynesian economists share?
a. The belief that wages and prices are not flexible in the short run b. The belief that the aggregate supply curve is always a horizontal line c. The belief that the government's role in the economy should be minimized d. The belief that the natural rate of unemployment in an economy is always zero e. The belief that prices are constant and that changes in aggregate expenditures determine equilibrium real GDP