Capital gains are profits that you earn on the sale of your
A. labor.
B. money.
C. financial asset.
D. economics textbook.
Answer: C
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What is the shape of the labor supply curve implied by the following statements?
a. "I'm sorry, kids, but now that I'm earning more, I just can't afford to come home early in the afternoon, so I won't be here when you get home from school." b. "They can pay me a lot or they can pay me a little. I'll still put in my 8 hours a day." c. "Now that I have received a salary increase, I am going to work 36 hours instead of 40 hours a week"
The unfunded nature of the Social Security system has no effect on investment
a. True b. False
Using a carefully-labeled graph, explain the Life Cycle Hypothesis. What are some of the implications of the Life Cycle Hypothesis?
What will be an ideal response?
Answer the following questions true (T) or false (F)
1. In the United States, imports and exports make up more than half of GDP. 2. Each year, the United States exports about 50 percent of its wheat crop. 3. A tariff is a tax imposed by a government on its own exports.