Which of the following statements indicates the idea of trade-offs?
A) "There is no such thing as a free lunch."
B) "The devil made me do it."
C) "You've got me under your spell."
D) "Always give it the best that you can."
Answer: A
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Treasury bonds are so safe (risk-free) that they often pay relatively low returns.
Answer the following statement true (T) or false (F)
Indexation is designed to
A) moderate the costs of inflation, not inflation itself. B) rapidly reduce inflation. C) reduce the natural rate of unemployment. D) rapidly reduce inflationary expectations.
Assume that DeShawn is a single parent who is in poverty. He receives food stamps and Medicaid. For every $100 that he earns, DeShawn loses $35 of his food stamp benefits and $20 in his Medicaid benefits. Also, DeShawn's income is taxed at a rate of 10 percent. Then, Peter's effective marginal tax rate is
a. 45 percent. b. 55 percent. c. 65 percent. d. 70 percent.
As the MPS increases, the multiplier will
A. decrease. B. remain constant. C. increase. D. either increase or decrease depending on the size of the change in investment.