Disposable income is less than GDP due to
A. Taxes by governments along with exports.
B. Taxes by governments along with imports.
C. Income held by businesses.
D. Taxes by governments and income held back as saving by businesses.
Answer: D
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If a person attends a public college and is not hired because the boss went to a private college, this might be an example of
A) statistical discrimination. B) racial discrimination. C) screening. D) moral hazard.
Which of the following suggests that people have no control over the number of hours they work?
a. Most workdays last from 8 a.m. to 5 p.m. b. People make use of the opportunity for overtime. c. People make use of the opportunity to moonlight. d. People make use of early retirement options. e. Many workers hold more than one job.
Which of the programs below would not transfer wealth from young to old generations?
a. Taxes are reduced as a result of cutting expenditures on education. b. Taxes are raised to improve government infrastructure such as roads and bridges. c. Taxes are raised to provide more generous Social Security benefits. d. Taxes are raised to provide more generous Medicare benefits.
Sequential exogeneity is implied by dynamic completeness.
Answer the following statement true (T) or false (F)