The main reason economists are concerned about the problem of idle or unemployed resources is that:
a. high rates of crime are related to high rates of unemployment
b. high rates of inflation are caused by idle land, labor, and capital resources.
c. government benefits paid to unemployed workers put stress on the federal budget.
d. unemployed resources mean less production and a lower standard of living for the nation.
d
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The main source of government funding is
A) user fees. B) taxes. C) borrowing. D) transfer payments.
The content of the basket of goods and services used to compute the CPI changes every month
a. True b. False Indicate whether the statement is true or false
A country could effectively increase its productivity and per capita economic growth rate by ______.
a. promoting larger families b. investing in physical capital c. requiring children to work rather than attend school d. encouraging citizens to consumer their incomes
Built-in stability refers to the fact that net tax revenues vary inversely with the level of GDP.
Answer the following statement true (T) or false (F)