If top government officials claim that more people are working now than ever before, then which of the following is true?
a. The unemployment rate is lower now than ever before
b. The number of people unemployed is lower now than ever before.
c. The employment rate is higher now than ever before.
d. The number of people in the labor force is higher now than ever before.
e. The number of people employed is higher now than ever before.
e
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What are the three key features of the financial system that result from the existence of transactions and information costs?
What will be an ideal response?
Creating policy with the goal of increasing economic growth would be considered:
A. to indirectly help eliminate poverty. B. to indirectly hurt efforts to eliminate poverty. C. to only help if directed toward poor areas. D. None of these is true.
The benefits-received principle of taxation is most evident in:
A. personal income taxes. B. inheritance taxes. C. corporate income taxes. D. excise taxes on gasoline.
Price controls often generate
A. greater price flexibility. B. rapid adjustment to market-clearing prices. C. more efficient markets. D. black markets.