The beginning point of a graph (the 0,0 point) is known as
A. ground zero.
B. mother lode.
C. the origin.
D. square one.
E. the beginning.
Answer: C
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Assume an income tax was doubled. Describe what would happen to labor supply and leisure. Can we be about the net effect on labor supply?
What will be an ideal response?
Household savings rates:
A. vary enormously across countries. B. are remarkably similar across countries. C. seem to be similar for countries within the same continent. D. are impossible to compare across countries.
The Employment Act of 1946 was built largely out of
A) philosophy of William J. Boyes. B) free market economic philosophy. C) the ideas of Milton Friedman. D) Keynesian philosophy.
Which of the following is not a solution to the problem of negative externalities due to pollution?
A. Create private property rights. B. Levy pollution taxes. C. Create obligatory controls. D. Reward the production of these products through subsidies.