If a supply-side economist were to make a suggestion to stimulate economic activity, which of the following policies would she suggest?
A. A repeal of regulations on business
B. An increase in the minimum wage
C. An increase in the corporate income tax
D. The creation of employer-mandated benefits
Answer: A
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While high-paid American workers fear competition with low-paid foreign workers, low-paid foreign workers fear competition with high-paid American workers. Why?
A) Because high wages are the result of extensive tariff and other trade restrictions. B) Because high wages reflect high worker productivity and the low-paid foreign workers are not as productive. C) It is completely irrational and unfounded. D) Because America has such a large market it can protect its workers. E) Because high wages mean that U.S. workers can buy more goods and services.
The supply curve of loanable funds slopes up because
A) at higher bond prices more loanable funds will be supplied. B) higher interest rates reduce the inflation rate. C) an increase in the interest rate makes lenders more willing and able to supply more funds. D) a decrease in the interest rate makes lenders more willing and able to supply more funds.
According to Alfred Marshall, small firms produce a good more efficiently than a monopoly
Indicate whether the statement is true or false
Based on this graph, national debt was the lowest percentage of GDP ______.
a. prior to the 1920s
b. during the 1950s
c. after World War II
d. in the 1990s