Improvements in human capital and education played a major role in the productivity improvements of the U.S. economy from 1995 to 2009
a. True
b. False
Indicate whether the statement is true or false
False
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Identify whether each of the following policies is an example of (1 ) a discretionary fiscal policy, (2 ) an example of an automatic stabilizer, or (3 ) not a fiscal policy
a. Food stamps b. Government spending on rebuilding airports c. Tax credits for the purchase of energy efficient appliances d. The extension of the "Bush tax cuts" of 2001 and 2003 e. Changing the required reserve ratio f. The bailout of large financial institutions during the financial crisis g. The progressive income tax system
Applying neoclassical theory to the housing market, ________ cause a decrease in the user cost of housing
A) higher expected household incomes B) higher rates of household formation C) increases in the expected relative price of housing D) tighter constraints on mortgage financing
What is an ascending-value auction?
If your business earns $200,000 in revenues, has explicit costs of $70,000, and implicit costs of $50,000, your accounting profit is
A. -$80,000. B. $320,000. C. $80,000. D. $130,000.