Maryanne expects to work for another 30 years and expects to live another 10 years after she retires. If Maryanne completely smooths consumption over her lifetime, her marginal propensity to consume out of wealth is
A) 0.025.
B) 0.033.
C) 0.075.
D) 0.10.
A
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The unemployment rate is the ________ who are unemployed
A) number of people in the labor force B) percentage of people in the labor force C) percentage of people in the country D) percentage of the working-age population
Which of the following would be a deadweight loss from a tariff?
A) The shift of consumer surplus to government B) The increase in producer surplus C) The decrease in consumer surplus D) The decrease in consumer surplus due to a drop in consumption E) All of the above.
The ________ curve describes the relationship between tax rates and tax revenue.
Fill in the blank(s) with the appropriate word(s).
In the long run the monopolistic competitor ________ at peak efficiency and the perfect competitor ________ at peak efficiency.
A. operates; operates B. operates; does not operate C. does not operate; operates D. does not operate; does not operate