Which of the following led to an increase in the proportion of population filing for income-tax returns from 1971 to 1998?
A. a decrease in the proportion of people filing for returns as "single head of household"
B. an increase in the number of senior citizens working at part-time jobs as compared to previous generations
C. an increase in the number of people who were unmarried or divorced but had children
D. an increase in the population below poverty line
Answer: C
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A rational decision is one that
A. satisfies all desires. B. avoids the intentional allocation of resources. C. assigns available resources in the manner most preferred by decision makers. D. assigns available resources to the uses with the lowest opportunity costs.
An increase in the discount rate
A) increases the cost of reserves borrowed from the Fed. B) signals the Fed's desire to increase the money supply. C) signals the Fed's desire to lend increased reserves to banks. D) reduces the cost of reserves borrowed from the Fed.
Suppose that the real exchange rate between the United States and Kenya is defined in terms of baskets of goods. Other things the same, which of the following will increase the real exchange rate (that is increase the number of baskets of Kenyan goods a basket of U.S. goods buys)?
a. an increase in the number of Kenyan shillings that can be purchased with a dollar b. an increase in the price of U.S. goods c. a decrease in the price in Kenyan shillings of Kenyan goods d. All of the above are correct.
An example of a good or service that would count in the U.S. GDP would be a bag of coffee made in:
A. Canada by Starbucks. B. Vermont by Green Mountain Coffee Roasters. C. Colombia by Dunkin' Donuts. D. All of these would count in U.S. GDP.