Individual employment and training programs are levers most likely to be advocated by
A. Keynesians.
B. Monetarists.
C. Supply-side economists.
D. Classical economists.
Answer: C
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The four sources of income for the household are
a. taxes, subsidies, imports, interest b. taxes, interest, rent, rebates c. interest, rebates, rent, taxes d. wages, taxes, imports, interest e. wages, rent, interest, profits
Suppose the production of cotton causes substantial environmental damage because the pesticides used by cotton farmers often make their way into nearby rivers and streams, and are very harmful to fish and other wildlife. If cotton farmers do not have to pay for the environmental damage caused by the pesticides used to grow cotton, then the market equilibrium price will be ________ and the market equilibrium quantity will be ________.
A. inefficiently low; inefficiently high B. inefficiently high; inefficiently high C. inefficiently high; inefficiently low D. inefficiently low; inefficiently low
Which of the following would move the Lorenz curve closer to the diagonal?
A. A 20 percent boost in Social Security retirement benefits. B. An increase in payroll taxes. C. A reduction in the progressiveness of the federal personal income tax. D. The elimination of the TANF program.
See Scenario 4.1. What is Daniel's income-consumption curve?
A) Pc = Pd B) Pc = Qc C) Qd = I - 3Qc D) Qc = Qd E) all of the above