Unemployment benefits are
A. paid regardless of a person's income from other sources and regardless of assets.
B. paid to individuals the entire time they are unemployed regardless of how long they are unemployed.
C. not paid to individuals with assets valued over $200,000.
D. reduced by an amount that is equal to an individual's income from other sources.
Answer: A
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In a liquidity trap, expansionary monetary policy has __________ effect on output, and expansionary fiscal policy has __________ effect on output
A) no; no B) no; a strong C) a strong; no D) a strong; strong
The data below describe the economy of Econland:Business and household saving58Government transfers and interest payments12Government purchases of goods and services25Tax collections42Public saving in Econland equals:
A. 5 B. -5 C. 17 D. 16
Economic profit is defined as total revenue
a. plus total costs b. minus marginal costs c. minus variable costs d. minus total costs e. minus fixed costs
You withdraw some of your savings to invest in a new business venture. Which of the following statements is true?
a. The return you will earn from this new investment is your opportunity cost. b. The interest rate you would have earned in the bank is higher than the return from this investment. c. The return you expect to earn from this new investment must exceed your opportunity cost. d. The return you expect to earn from this new investment must equal your opportunity cost.