Which of the following is not an automatic stabilizer?
a. Personal income tax revenue.
b. Corporate income tax revenue.
c. Unemployment compensation benefits.
d. Property tax revenue.
d
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Over time, people in the United States and other high-income countries have, on average, become taller, which is an indication that their nutritional status has improved
Indicate whether the statement is true or false
A market has four individuals, each considering buying a grill for his backyard. Assume that grills come in only one size and model. Abe considers himself a grill-master, and finds a grill a necessity, so he is willing to pay $400 for a grill. Butch is a meat-lover, honing his grilling skills, and is willing to pay $350 for a grill. Collin just met the girl of his dreams, and she loves a good grilled steak, so in his effort to impress her he is willing to pay $320 for a grill. Daniel loves grilled shrimp and thinks it might be cheaper in the long run if he buys a grill instead of eating out every time he wants grilled shrimp, so he is willing to pay $200 for a grill.
If the market price of grills is $300, given the scenario described, the total consumer surplus would be: A. $1,070. B. $170. C. $200. D. None of these is true.
Which of the following is true of America's millionaires?
a. Only about 20 percent of the millionaires in the United States have college degrees. b. It is virtually impossible to achieve this status by saving and investing over a lengthy period of time. c. Most millionaires inherited at least half of their wealth. d. Millionaires are far more likely than others to be self-employed entrepreneurs
Expansionary fiscal policy
A) raises Real GDP more in an open economy than in a closed economy. B) raises Real GDP more in a closed economy than in an open economy. C) raises Real GDP equally in an open economy and in a closed economy. D) does not affect Real GD"P in an open economy.