In the Eurozone, labor market integration (including labor mobility) between member nations is:
A) far ahead of the United States.
B) on par with the United States.
C) less than in the United States.
D) structured differently because in the Eurozone workers have better benefits.
Ans: C) less than in the United States.
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State and local income taxes should be deducted from federal income tax.
A. True B. False C. Uncertain
Suppose the money market is in the liquidity trap and the Fed increases the supply of money. We expect that
A) people will end up willingly holding more money. B) the excess money holdings will flow into the loanable funds market and there will be a decrease in interest rates. C) interest rates will increase, since the demand curve for money is upward sloping in this case. D) eventually, via the transmission mechanism, Real GDP will increase.
What is the definition of a discouraged worker?
A. a person who has dropped out of the labor force because he is discouraged about his prospects for employment B. an employed member of the labor force who is discouraged about his pay C. a member of the labor force who is working but is discouraged about his prospects for advancement within the company D. a member of the labor force who is working but is discouraged about the performance of his company within the industry
The graph shown demonstrates a tax on buyers. How many fewer units are being sold due to the imposition of a tax on this market?
A. 12 B. 9 C. 3 D. 6