Which of the following is the correct formula for calculating the unemployment? rate?
What will be an ideal response?
# of unemployment/ labor force x 100
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Consider a tax cut which affects not only consumer disposable income, but also after-tax earnings from labor supplied to labor markets and from financial assets acquired through saving. In the long run we would expect this tax cut to
A) increase both the price level and the level of real GDP. B) decrease both the price level and increase real GDP. C) increase the price level. D) increase the level of real GDP.
Assume that the yield on a security has two possible outcomes. There is a 60 percent chance it will yield 10 percent and a 40 percent chance it will yield 5 percent. The expected yield for this security is
A) 10.0 percent. B) 8.0 percent. C) 7.5 percent. D) 6.0 percent.
Whenever average cost exceeds marginal cost,
A. average cost is rising. B. average cost is falling. C. marginal cost is rising. D. marginal cost is falling.
One reason why there may be a bias against free trade is that
a. transportation costs are too high b. absolute advantage may outweigh comparative advantage c. those who benefit from trade have little incentive to lobby for it d. the terms of trade may be too high e. people prefer importing to exporting