The monthly Household Survey by the United States Census Bureau (on behalf of the Bureau of Labor Statistics) has a national sample size of
a. 8,000 households
b. 400,000 households
c. 150,000 households
d. 60,000 households
e. 20,000 households
D
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The total amount of taxes paid divided by before-tax income is the
A) median taxpayer rate. B) rate of hysteresis. C) average tax rate. D) marginal tax rate.
Why does bad money drive out good money? Because
a. money has high liquidity so that an excess supply of money creates unnecessary money, which comes to dominate the money market b. Say's Law means that money supply creates money demand and if too much money is created, it is bad because it can create inflation c. good money is in the form of bullion (specie, such as gold) which is preferred over nonbullion money d. people will not use bad money for exchange because it means exchanging it away so that bad money never serves the role of money e. people will not use good money for exchange because it means exchanging it away so that good money never serves the role of money
Suppose that elementary education creates a positive externality. If the government subsidizes education by an amount equal to the per-unit externality it creates, then
a. the equilibrium quantity of education will equal the socially optimal quantity of education. b. the equilibrium quantity of education will be greater than the socially optimal quantity of education. c. the equilibrium quantity of education will be less than the socially optimal quantity of education. d. There is not enough information to answer the question.
Which of the following can act as a barrier to entry for new firms in an oligopoly market?
a. Increased capital usage b. Diseconomies of scale c. Control over an essential resource d. Increased investment in advertising