The number of working days in a given year is constant for companies closed on weekends and federal holidays. That number is
a. 365
b. 250
c. 260
d. 253
e. 257
d. 253
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In the Solow growth model, from an initial steady state with fixed values of A, d, and n, an increase in the national saving rate causes the standard of living to
A) rise temporarily, and then fall back to its initial level. B) rise and then hold constant at a new higher level. C) grow at a slower rate temporarily, and then return to the initial growth rate. D) grow at a permanently faster rate. E) not change at all in the short run or the long run.
In general, the unemployment rate does not vary greatly by:
A. educational status. B. gender. C. age. D. height
The Taxpayer Relief Act of 1997 created the Hope Higher Education Scholarship program, which provides a maximum of $1,500 in tax credits for the first two years of college for families with adjusted gross incomes of less than $100,000 . Which factor(s) of production will change as a result of this program? Explain how this program is expected to affect the U.S. production possibilities curve
The U.S. trade deficits of the late 1990s were due primarily to low saving rates
a. True b. False Indicate whether the statement is true or false