Someone who loses his job at a truck factory because the demand for trucks has fallen and the demand for cars has risen, is structurally unemployed
a. True
b. False
Indicate whether the statement is true or false
False
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Which would a taxpayer in the 35% tax bracket prefer: a $2,000 tax exemption or a $700 tax credit? What if the taxpayer were in the 25% tax bracket?
What will be an ideal response?
The quantity theory of money of the Classical economists says that a change in the money supply will produce a:
A. proportional change in the price level. B. greater than proportional change in the price level. C. less than proportional change in the price level. D. wide variation in the velocity of money.
One major part of the opportunity costs of one's decision to go to college after high-school graduation is the
A. high-school diploma needed in order to apply for college. B. full-time job that one could have gotten instead of going to college. C. education that one gets while in college. D. additional income that one can get if one had a college degree.
All of the following are considered a barrier to entry into a market EXCEPT
A. ownership of resources without close substitutes. B. economies of scale. C. when firms can only earn a normal rate of return in a market. D. governmental restrictions on a firm's ability enter a market.