The government should subsidize the production of goods which generate a positive externality
a. True
b. False
Indicate whether the statement is true or false
True
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The average propensity to consume is
A) real consumption expenditures divided by real saving. B) real saving divided by real consumption expenditures. C) real consumption expenditures divided by real disposable income. D) real disposable income divided by real consumption expenditures.
As was demonstrated in 2007, firms in the shadow banking system
A) were very vulnerable to bank runs. B) were protected from financial ruin by federal deposit insurance. C) were more insulated from the financial crisis than were commercial banks. D) were well insulated from bank runs.
Changes in tax laws that reduce taxes more for those who save a lot will
a. favor low-income households. b. favor people with high income. c. create a more egalitarian society. d. unambiguously increase national saving.
The unionization rate of public sector workers is about:
A. 10.3%. B. 17.1%. C. 24.4%. D. 34.4%.