Suppose the market in Figure 9.4 is currently in equilibrium. If the government establishes a price floor of $50, how many widgets will be sold?
A) 20
B) 30
C) 40
D) 50
E) 60
A
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The effects of tax incentive programs such as IRAs and 401(k) accounts suggest that these government programs designed to increase saving lead to ________ in the private capital stock
A) virtually no change B) a slight decrease C) a slight increase D) a significant increase
In the endogenous growth model presented in the text, suppose that u represents the fraction of time spent working (as opposed to accumulating human capital) and b represents the efficiency of human capital accumulation
The growth rate of human capital equals A) u(1 - b) - 1. B) 1 + b(1 - u). C) (1 + b)(1 - u). D) b(1 - u) - 1.
Bandile gives $100 to his favorite charity. According to economists, why did Bandile mostly likely do this?
a. from disregard for his own self-interests b. for entirely non-personal motives c. to selfishly use the charity as a tax deduction d. to have the satisfaction of helping others
Compensating differentials for employees can be seen as one measure of adjusting for:
A. corporate tax evasion. B. surplus labor in the unorganized sector. C. high rates of inflation. D. problems of ethical conflict.