Tax cuts aimed at businesses can stimulate
A) social spending. B) net exports.
C) private consumption. D) investment spending.
D
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If you own a bond with a six percent coupon rate and new bonds are paying six percent, what will happen to your bond's market price?
What will be an ideal response?
Amy received her wage based on her working hours in the grocery store. The work contract she signed is an example of a
A) fixed-fee contract. B) hire contract. C) contingent contract. D) sharing contract.
Which of the following is an example of a normative economic statement?
a. The inflation rate in the United States decreased from 4 percent last year to 3 percent this year as a result of lower energy prices. b. The economy grew at an annual rate of 5 percent during the first quarter of this year. c. If two automobile companies merge, it is likely that the price of automobiles will rise. d. An increase in international trade benefits some workers but hurts others. e. The minimum wage should be increased so that low income workers can afford to keep up with the cost of living.
The Social Security program is primarily a
a. compulsory retirement income program set up on sound insurance principles. b. forced-savings program where workers save during their working years and receive the principal and interest on these savings at retirement. c. program designed to tax current workers in order to provide benefits for current retirees. d. voluntary savings program run by the government.