Refer to the graph shown. An expansionary fiscal policy would be most appropriate when the economy is at point:
A. E.
B. B.
C. C.
D. D.
Answer: D
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Which of the following statements is false?
A. Greater distance reduces the likelihood of migration B. Greater stocks of human capital result in greater personal productivity and earnings C. The majority of international migrants move to countries relatively close to their home countries D. Implicit costs of migrating are not affected by distance
The ways in which monetary policy affect output and prices are known as:
A) channels B) stations C) vehicles D) means
Generally, expenses on a sport utility vehicle are a large part of a consumer's budget, so the demand for sport utility vehicles is more likely to be
A) elastic. B) inelastic. C) unit elastic. D) perfectly elastic.
The Lorenz curve shows the
a. functional distribution of income b. personal distribution of income c. relative percentage of income going to each of the resources d. demand for unskilled versus unskilled labor e. cumulative percentage of income received by cumulative percentages of households