A teacher's pension is likely to be determined
A. by the number of years they taught and by a percentage of their last year's salary.
B. by a state governor that can increase or decrease it at will.
C. by the amount they contributed.
D. by a state legislature that can increase or decrease it at will.
Answer: A
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Denmark is an importer of computer chips, taking the world price of $12 per chip as given. Suppose Denmark imposes a $5 tariff on chips. Which of the following outcomes is possible?
a. More Danish-produced chips are sold in Denmark. b. More foreign-produced chips are sold in Denmark. c. Danish consumers of chips become better off. d. Total surplus in the Danish chip market increases.
Answer the next question based on the following price and output data over a five-year period for an economy that produces only one good. Assume that year 2 is the base year.YearUnits of OutputPrice per Unit18$22103315441855206If year 2 is the base year, then real GDP in year 5 is ________.
A. $90 B. $60 C. $30 D. $120
The Patient Protection and Affordable Care Act will require
a. health insurers to provide coverage to applicants regardless of prior health conditions. b. all Americans to purchase an approved health insurance policy or pay a tax-penalty for failing to do so. c. employers with more than 50 full-time employees to either provide approved health insurance for their employees or pay a fine for the failure to do so. d. all of the above.
Which of the following is the main cause of the persistent inflation that we have experienced in the United States?
A. demand-side inflationary factors B. supply-side inflationary factors C. a combination of supply- and demand-side inflationary factors D. supply-side secularity factors