An unemployment insurance program has which of the following effects?
A) It increases the amount of time spent searching for a job.
B) It decreases the amount of personal income of the unemployed.
C) It contributes to the severity of a recession or economic downturn.
D) It lowers the overall unemployment rate.
A
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Bill ate four hot dogs at the baseball game. The first one tasted best, but he found that as he ate more hot dogs the amount of extra satisfaction he was receiving was beginning to fall. This would demonstrate
A. law of zero utility B. law of diminishing marginal utility C. law of total utility maximization D. law of diminishing costs
Which of the following is NOT a description of indirect finance?
A) You take out a student loan from your bank. B) You borrow $500 from your best friend. C) You buy shares in a mutual fund. D) An insurance company lends funds to IBM.
An increasing federal budget deficit will ________ the federal government debt as this will ________ the total value of U.S. Treasury bonds outstanding
A) increase; increase B) increase; decrease C) not impact; not change D) not impact; be offset by
Which of the following is NOT a consequence of the introduction of the Medicare program?
A) an increased quantity of medical services demanded B) an increased ability for the elderly to obtain medical services C) an increased ability for the poor to obtain medical services D) a reduced demand for medical services