The natural rate of unemployment occurs if there is no:
A. unemployment.
B. frictional unemployment.
C. structural unemployment.
D. cyclical unemployment.
Answer: D
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The individual income tax, the inheritance tax, and the head tax are all examples of direct taxes.
Answer the following statement true (T) or false (F)
If consumption spending increases from $758 to $767 billion when disposable income increases from $912 to $927 billion, it can be concluded that the marginal propensity to consume is:
a. 0.4 b. 0.5 c. 0.7 d. 0.6
Which of the following is not a problem in the People's Republic of China following the economy's rapid growth?
A. income inequality B. labor issues C. lack of potential for foreign trade because of China's comparative advantage in the production of all goods D. pollution
Refer to Figure 9.5. 
If GMB were required to submit a single sealed bid to supply buses to MetroTravel, it would
A. submit a low price. B. split the bid-half high and half low. C. submit neither a high nor low price. D. submit a high price.