Which of the following is a cause of the changing role of women in American society over the past several decades?
a. new technologies that have reduced the amount of time required to complete routine household tasks
b. improved birth control
c. changing political and social attitudes
d. All of the above are correct.
d
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Assume the total real output of a developing country increases from $8 billion to $8.2 billion while its population expands from 14 to 15 million people from one year to the next. Over the year, real GDP per capita has ________.
A. decreased by $25 per person B. increased by $533 per person C. decreased by $533 per person D. increased by $25 per person
If the MPC is 0.95, then a $10 million increase in disposable income will
A) increase consumption by $200 million. B) decrease consumption by $105 million C) increase consumption by $9.5 million. D) increase consumption by $950 million.
When the Social Security system begins running a deficit, the bonds in the trust fund will be drawn down. The funds to redeem these bonds will have to come from
a. higher taxes, spending reductions in other programs, or additional government borrowing. b. the surplus funds deposited in governmental banking accounts. c. equity capital being liquidated. d. the sale of private equities and securities that the government has been purchasing with the funds.
In the short run, the fixed costs of a firm:
A. must be paid regardless of level of output. B. must be higher than variable costs for the firm. C. should be strongly considered in deciding whether to shut down production. D. are zero when quantity produced is zero.