Much of a person's increased productivity can be linked to
A) on-the-job training.
B) the prevalent marginal tax rate.
C) the price elasticity of demand for the product.
D) the income elasticity of demand for the product.
Answer: A
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An inflation rate of over 500 percent per year would be classified as:
A. hyperinflation. B. inflation. C. relative inflation. D. deflation.
An example of the type of crime that is contemplated by the rational criminal model is
A. drug dealing. B. school shooting. C. spousal abuse. D. rape.
Assume Bonnie has $64 to spend on hairbands and earrings. Her budget constraint is shown in the graph shown. Which of the following can be said about Bonnie's choices?
A. Hairbands must cost $8 each. B. Earrings must cost $16 each. C. Bonnie can buy twice as many hairbands as earrings. D. All of these are true.
Suppose all of the banks in the Federal Reserve System have $100 billion in transactions accounts, the required reserve ratio is 0.25, and there are no excess reserves in the system. If the required reserve ratio is changed to 0.20, the total lending capacity of the system is increased by
A. $750 million. B. $25 billion. C. $10 billion. D. $20 billion.