The purchase by a consumer in Brazil of a video game produced in the United States is included in U.S
A) consumption expenditures.
B) investment expenditures.
C) government purchases.
D) net exports.
D
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The best example of a cyclically unemployed individual is
A) Charles who lost his job as a real estate salesperson when the housing market went soft because of a recession. B) Alice who quit her job to enter college. C) Mary who lost her job in the textile industry following a decrease in the tariff on textiles. D) Bob who has just graduated from college and is entering the labor market.
Above a certain income, the marginal social security tax drops to zero.
Answer the following statement true (T) or false (F)
Net public debt is
A. the sum owed by the public to keep the Social Security system afloat. B. the portion of government debt held by private individuals and firms. C. the excess of annual government spending over annual tax revenues. D. the excess of annual tax revenues over annual government spending.
The long-run equilibrium for a monopolistically competitive firm is efficient because its profits equal zero in the long run.
Answer the following statement true (T) or false (F)