Which of the following policies would be expected to increase private saving?
A. Reducing the tax rate on capital gains and dividends.
B. Increasing the income tax.
C. Increasing job security.
D. Providing more generous Social Security retirement benefits.
Answer: A
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Net exports equal:
A. exports plus imports. B. exports minus depreciation. C. the value added of exports. D. exports minus imports.
The BLS count Jody as being unemployed if she _______
A. had a job last month but not this month B. doesn't have a job because the U.S. factory where she worked cannot compete with cheap Chinese imports C. wants a job and looked for a job last year but has now stopped looking D. wants a job and is willing to take a job but after searching last week cannot find a job
High Tech, Inc. produces plastic chairs that sell for $10 each. The following table provides information about how many plastic chairs can be produced per hour. Number of WorkersChairs Produced Per Hour00110218324428530For simplicity, assume that labor is the only input. How many workers will be hired if the hourly wage for workers is $30?
A. 3 B. 2 C. 4 D. 1
The classical economists believed all of the following, EXCEPT
A. demand creates its own supply. B. the quantity of money people wanted to save and invest affected interest rates. C. recessions are temporary. D. wages and prices are both downwardly flexible.