A risk-seeker is likely to:
A. buy a government bond instead of a stock.
B. put money in a savings account instead of investing in a start-up company.
C. invest in a start-up company instead of putting his money under his mattress.
D. put his money under his mattress instead of buying company stock.
C. invest in a start-up company instead of putting his money under his mattress.
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Consider the country of Outland. In Outland, people pay 10 percent of their income as a tax whether they earn $10,000 or $100,000 annually. Outland has ________ tax structure
A) a progressive B) a regressive C) a proportional D) an excessive
Which of the following real-world phenomena does the classical model ignore?
a. Frictional unemployment b. Inflation c. Real output growth d. Cyclical unemployment e. Structural unemployment
Sue's Bagel Shop wants to estimate how responsive the demand for bagels is to a change in her cream cheese prices. To accomplish this task, the following data would not be needed:
a. percentage change in bagel prices b. original price of cream cheese c. new quantity of bagels sold d. original quantity of bagels sold e. new price of cream cheese
After an increase in the demand for construction workers, the market will attain its new long-run equilibrium faster if
A. people ignore the shortage in the short run. B. wages are flexible. C. wages are inflexible, forcing new people to enter the market. D. unions restrict the number of new construction workers.