Education, public libraries, and museums are examples of
a. public goods
b. merit goods
c. transfer payments
d. subsidies
e. cooperative goods
B
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The unemployment rate is
A) the percentage of the labor force that is unemployed. B) the percentage of the number employed that is unemployed. C) the percentage of the working-age population that is employed. D) the percentage of the working-age population that is unemployed. E) the percentage of the labor force that is employed.
An increase in business taxes would tend to:
a. Decrease aggregate demand and decrease aggregate supply b. Increase aggregate demand and increase aggregate supply c. Increase aggregate demand and decrease aggregate supply d. Decrease aggregate demand and increase aggregate supply
A negative income tax system would provide all households, including the poor, with:
A. cash payments. B. incentives to earn income. C. higher income levels. D. medical assistance.
Growth is advantageous to a nation because it:
A. promotes faster population growth. B. lessens the burden of scarcity. C. eliminates the economizing problem. D. slows the growth of wants.