Age is a determinant of income because
A) with age typically come experience, education, and training that can increase income.
B) age contributes to costs as medical expenses increase.
C) older workers have accumulated more wealth.
D) older workers have accumulated less wealth.
Answer: A
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U-4, U-5 and U-6 are
A) all broader measures of the unemployment rate. B) all narrower measures of the unemployment rate. C) not used by the Bureau of Labor Statistics because they include too much variability. D) narrower measures of the labor force participation rate. E) broader measures of the labor force participation rate.
Suppose there is a $20 million increase in government spending. We know that this increase in government spending will cause which of the following to occur?
A. equilibrium real GDP will increase by exactly $20 million. B. an increase in equilibrium real GDP and no change in the multiplier. C. an increase in equilibrium real GDP and a reduction in the multiplier. D. an increase in equilibrium real GDP and an increase in the multiplier.
Which of the following is the best example of a firm that competes in a monopolistically competitive market?
A) Microsoft B) the U.S. Postal Service C) an automobile manufacturer D) a movie theater
As a bank's assets become less risky, its
A) risk-based capital ratio rises. B) risk-based capital ratio falls. C) leverage ratio rises. D) leverage ratio falls.