U.S. imports are most likely to increase when
A. U.S. GDP decreases.
B. U.S. unemployment rates fall.
C. U.S. prices fall.
D. foreign prices rise.
Answer: B
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Airlines have avoided price discrimination among their customers
Indicate whether the statement is true or false
Adoption of a guaranteed annual income with benefits (B) given by B = 20,000 -.5 (earnings) would be expected to reduce work effort by low wage workers because:
a. the income effect would outweigh the substitution effect of the plan. b. the substitution effect would outweigh the income effect of the plan. c. both substitution and income effects would operate to reduce work effort. d. the plan would make working financially unattractive.
In the long run, the Fed can change the inflation rate but not the unemployment rate
a. True b. False
Examples of assets that are included in household wealth would be
What will be an ideal response?