What has been the range of the decline in real output during recessions in the U.S. between 1950 and 2009?
A. -0.2 percent to -3.7 percent
B. -5.1 percent to -9.8 percent
C. -10.4 percent to -14.6 percent
D. -15.0 percent to -19.9 percent
A. -0.2 percent to -3.7 percent
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If the marginal tax rate is 20%, by how much must income have increased if your tax bill increases by $300?
A. $1,500 B. $300 C. $1,000 D. Cannot be determined
Which of the following is not an advantage of risk pooling?
A) By insuring large groups as opposed to individuals, health insurance providers reduce adverse selection. B) It gives very sick people in the group the same access to health care and to pay the same premiums as healthy individuals. C) Individuals who are insured and therefore do not have to pay the full cost of health care services may be inclined to over-use those services. D) It is easier for an insurance company to estimate the average number of claims likely to be filed under a group policy than it is to predict the number of claims likely to be filed under an individual policy.
How can increased investment help a country achieve increased economic growth?
Which of the following would not shift the demand curve for mp3 players?
a. a decrease in the price of mp3 players b. a fad that makes mp3 players more popular among 12-25 year olds c. an increase in the price of digital music downloads, a complement for mp3 players d. a decrease in the price of satellite radio, a substitute for mp3 players