Which of the following is a flow?
A. Assets
B. Saving
C. Money
D. Wealth
Answer: B
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Using rate-of-return analysis to determine who benefits and who does not benefit from the current structure of Social Security is
A. embraced by all. B. embraced not only by financial planners but also by most economists. C. rejected by those that view the program as social insurance rather than as an investment. D. rejected by everyone.
If X is a normal good, an increase in income will shift the
A. demand curve for X to the left. B. supply curve for X to the left. C. supply curve for X to the right. D. demand curve for X to the right.
Suppose the equilibrium quantity of labor hired decreases and the equilibrium real wage rate increases. All else constant, this situation will also result in
A) more government outlay for the unemployed. B) higher output prices. C) lower output prices. D) fewer benefits for those still unemployed.
If a theory gives a scientist results that she does not want, then she should not believe in that theory
Indicate whether the statement is true or false