Which of the following is an automatic stabilizer?
A. Unemployment compensation
B. Property taxes
C. Military expenditures
D. Social Security benefits
Answer: A
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The instructions and rules for the alternative minimum tax are generally
A. far easier to understand than the instruction and rules for the 1040. B. no more or less difficult to understand than the instructions and rules for the 1040. C. far easier to understand than the instruction and rules for the 1040EZ. D. much more complicated than the instructions and rules for the 1040.
What did China create to allow more international trade?
A) Special economic zones B) Foreign exchange centers C) More open and transparent government meetings D) New educational efforts
The market demand function for wheat is Qd = 10 - 2P and the market supply function is Qs = 4P - 2, both measured in billions of bushels per year. Suppose the government wants to increase the price of wheat to $3/bushel and they impose a price floor to achieve their goal. What is the size of the aggregate surplus?
A. $4 billion B. $8 billion C. $10 billion D. $12 billion
Suppose Mary receives an $8,000 loan from First National Bank. Mary repays $8,480 to First National Bank at the end of one year. Assuming the simple calculation of interest, the interest rate on Mary's loan was:
A. $480 B. 8.00% C. 6.00% D. 5.66%