Which of the following is NOT a determinant of household saving?
A) the nominal interest rate
B) disposable income
C) the household's wealth
D) expected future income
A
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What are the three main kinds of unemployment?
A) frictional, seasonal, and cyclical B) structural, frictional, and cyclical C) cyclical, structural, and temporary D) temporary, permanent, and volunteer
The practice of making choices using generalizations based on observable characteristics like race, gender, or age is called:
A. discrimination. B. conditional cash transfers. C. means-testing. D. None of these is true.
The figure below shows the national market for mopeds in a country. Dd and Sd are the domestic demand and supply curves of mopeds, respectively.
Calculate the welfare loss arising from the production effect of the tariff.
A. $14 million B. $7.5 million C. $2.5 million D. $5 million
A supply schedule
A. shows what happens to quantity supplied when price is held constant. B. is a table reflecting the inverse relationship between price and quantity supplied. C. can be used to generate a supply curve. D. all of these.