The economy is considered to be at full employment when:
a. the actual rate of unemployment is less than the natural rate.
b. the leading economic indicators are unchanged for two consecutive quarters.
c. structural unemployment is zero.
d. frictional plus structural unemployment is less than the natural rate.
e. the rate of cyclical unemployment is zero.
e
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If a person were in the 15% tax bracket and given the choice of a $500 credit or a $2500 deduction,
A. he would not qualify for either. B. he would not care. They would constitute the same tax benefit. C. he would take the credit every time. D. he would take the deduction every time.
The evidence on the question of Head Start effectiveness suggests that
A. Head Start children have an advantage over equally-situated children on first-grade tests of reading and verbal skill. B. Head Start children have an advantage over equally-situated children on tenth-grade tests of reading and verbal skill. C. there is no effect of the program whatsoever. D. Head Start children have an advantage over equally-situated children on the SAT.
One advantage of user charges is they _____
a. increase with inflation b. they apply the ability-to-pay principle of taxation c. help ration consumption of the taxed good d. a and c
View Your World, a high-end window manufacturer, directly pays all of the transaction costs. The managers of View Your World are considering the profit-maximizing location for their plant. If locating the plant closer to its customers saves $10,000 in transportation costs of its windows to its customers, but causes an additional $7,500 in input transportation costs, View Your World ________
locate its plant closer to its customers as the marginal benefit is ________ than the marginal cost. A) should not; less B) should not; more C) should; greater D) should; less