Data on labor-force flows show that
A) in any given month, almost none of the unemployed gets jobs.
B) in any given month, almost all of the unemployed gets jobs.
C) the average duration of unemployment is about 2 weeks.
D) the average duration of unemployment is about 2 years.
E) in any given month, about one-fourth of the unemployed get jobs.
E
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Moving along the aggregate production function shows the relationship between ________, holding all else constant
A) capital input and real GDP B) labor input and real GDP C) labor input, capital input and real GDP D) technology and real GDP
The tax brackets in a particular year are 10% on earnings up to $50,000, 20% on earnings from $50,001 to $100,000, 30% on earnings from $100,001 to $150,000, and 40% on earnings over $150,000. If Noelle earns $200,000 this year, what is her total tax?
a. $50,000 b. $65,000 c. $80,000 d. $81,000
Market failure can occur even when the price signals are accurate.
Answer the following statement true (T) or false (F)
If the demand for a product is perfectly elastic and supply is upsloping, a $1 excise tax per unit on suppliers will:
A. not raise price at all. B. lower price by $1. C. raise price by more than $1. D. raise price by $1.