A conditional statement such as if event A occurs, then event B follows is an example of normative economics
a. True
b. False
Indicate whether the statement is true or false
False
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Refer to Figure 18.7 below. The intercept point N is actually found by I 1 + I 0 (1 + r). The intercept point M is calculated by I 0 + I 1 /(1 + r). Show that the slope of the budget constraint is indeed 1-r| .
If you expect the inflation rate to be 4 percent next year and a one year bond has a yield to maturity of 7 percent, then the real interest rate on this bond is
A) -3 percent. B) -2 percent. C) 3 percent. D) 7 percent.
Tax loopholes
a. reduce the progressivity of the federal income tax. b. encourage particular patterns of behavior. c. include exemption of interest earned on municipal bonds. d. All of the above are correct.
Which of the following factors are likely to lead to an increase in the female/male earnings ratio in the future?
a. As the labor force participation of women increases, their years of work experience will become more similar to men. b. In recent years, a higher proportion of women have been preparing for careers in the professions. c. As the proportion of families headed by a female parent increases, the average hours worked per week of female employees will decline. d. Both a and b are correct.