Which statement is true?
A. Poverty has been a problem only since 1933.
B. Poverty cannot be inherited.
C. There are more poor Americans today than at any other time in our history.
D. Poverty is less of a problem today than it was in the early 1960s.
D. Poverty is less of a problem today than it was in the early 1960s.
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If GDP included the value of leisure time, the value of U.S. GDP would most likely increase
Indicate whether the statement is true or false
Innovation and incentives to come up with new products and production methods are stifled in larger markets
Indicate whether the statement is true or false
When workers voluntarily leave work while they look for better jobs, the resulting unemployment is called
A) structural unemployment. B) frictional unemployment. C) cyclical unemployment. D) underemployment.
Other things equal, for a given tax, if the demand curve is more elastic,
a. the greater the tax revenue raised and the greater the deadweight cost of the tax. b. the greater the tax revenue raised and the smaller the deadweight cost of the tax. c. the less the tax revenue raised and the greater the deadweight cost of the tax. d. the less the tax revenue raised and the smaller the deadweight cost of the tax.