Suppose the population of Robstown is 120,000. Of the population 16 years and older, 50,000 are employed, 10,000 have never worked and are not looking for work, 5,000 are not working and are looking for work, and 15,000 are retired and not looking for work. The labor force equals
A. 65,000.
B. 55,000.
C. 80,000.
D. 50,000.
Answer: B
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Neil and Derek are brothers who are very fond of watching television. They share a television but watch different shows. Every evening after coming home from school, they argue over who will watch television and for how long
Irritated with their fight, their parents asked Neil to decide for how long each of them would watch television. They also told him that if the brothers failed to reach an agreement, they would not let either of them watch it. a) How should Neil make his decision? b) What will be the outcome if Derek prefers fairness over watching television?
Which of the following will not occur as the result of a decrease in net taxes?
A) a shift to the left of the supply curve for loanable funds B) decreased government saving C) decreased household saving D) all of the above
If you expect the inflation rate to be 12 percent next year and a one-year bond has a yield to maturity of 7 percent, then the real interest rate on this bond is
A) -5 percent. B) -2 percent. C) 2 percent. D) 12 percent.
Open Market Operations occur when a Central Bank:
(a) Reduces spending. (b) Buys and sells bonds and securities. (c) Increases taxation. (d) Increases the exchange rate.