Suppose a student graduates from college with a civil engineering degree and is now employed to grade papers, answer the phone, and make copies-tasks that are below the graduate's capabilities. The graduate can best be classified as
A. Phantom unemployed.
B. A discouraged worker.
C. Structurally unemployed.
D. Underemployed.
Answer: D
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The cost of capital is:
a. concerned with what a firm has to pay for the capital b. the rate of return required by investors c. determined in the capital markets d. all of the above e. b and c only
Lower interest rates motivate:
A. firms to invest less in new factories and working capital. B. firms to invest more in new factories and working capital. C. individuals to spend less on consumption goods. D. individuals to spend less on capital goods.
In 1961, President Kennedy committed the United States to a manned lunar mission by the end of the decade. Few thought it could actually be done, but of course it did, with five months to spare. This story might illustrate a __________ growth theory argument that technological change __________
A) new; can be deliberately accelerated B) new; relies on government policy C) neoclassical; can be deliberately accelerated D) neoclassical; relies on government policy
Progressive taxes are designed to make higher earners pay ______.
a. a lower percentage but more total taxes than others b. a higher percentage and more total taxes than others c. a higher percentage but less total taxes than others d. the same percentage but more total taxes than others