The financial intermediaries that the average person interacts with most frequently are
A) exchanges.
B) over-the-counter markets.
C) finance companies.
D) banks.
D
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A subsidy is a negative tax
Indicate whether the statement is true or false
Average physical product measures the increase in total output that results from a one-unit increase in an input.
Answer the following statement true (T) or false (F)
The federal government uses the revenue from the FICA (Federal Insurance Contribution Act) tax to pay for
a. unemployment compensation. b. the salaries of members of Congress. c. Social Security and Medicare. d. housing subsidies for low-income people.
Real-wage rigidity in the Keynesian efficiency wage diagram of the labor market is depicted by
A. a vertical labor demand curve at the efficient level of employment. B. a horizontal line at the efficiency wage. C. a vertical labor supply curve at the efficient level of employment. D. a steep, positively sloped labor supply curve depicting various efficiency wages at various employment levels.