Official unemployment rate statistics may:
A. Overstate the amount of unemployment by including part-time workers in the calculations
B. Understate the amount of unemployment by excluding part-time workers in the calculations
C. Overstate the amount of unemployment because of the presence of "discouraged" workers
who are not actively seeking employment
D. Understate the amount of unemployment because of the presence of "discouraged"
workers who are not actively seeking employment
D. Understate the amount of unemployment because of the presence of "discouraged" workers who are not actively seeking employment
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Comparing the U.S. balance of payments in 2012 to the rest of the world, we see that the
A) U.S. current account is similar in size to most developed nations and has a deficit. B) United States has the largest current account surplus. C) United States has the largest capital and financial account deficit. D) United States has the largest current account deficit. E) U.S. current account is similar in size to most developed nations and has a surplus.
Tom's marginal utility of Mountain Dew exceeds his marginal utility of crackers at his consumer equilibrium. Therefore, his consumer surplus from Mountain Dew must exceed his consumer surplus from crackers
Indicate whether the statement is true or false
Since the value of the multiplier is always at least 1, which of the following is correct?
a. The size of the vertical shift in the aggregate expenditure line is always equal to the change in GDP b. The size of the vertical shift in the aggregate expenditure line is always less than the change in GDP c. The size of the vertical shift in the aggregate expenditure line is always greater than the change in GDP d. The size of the vertical shift in the aggregate expenditure line is always equal to or smaller than the change in GDP e. The MPC is always bigger than 1
Some colleges charge all students the same "activity fee.". Suppose that students differ by how many campus activities they engage in. This charge is most like
a. an excise tax which conforms to the benefits principle. b. an excise tax which violates the benefits principle. c. a lump-sum tax which conforms to the benefits principle. d. a lump-sum tax which violates the benefits principle.