A demographic trend is that:
a. Individuals increasingly put off marriage and childbirth to later years
b. The number of families is decreasing
c. Families are the same as they were two decades ago
d. Grandparents matter less than they used to
A, pages 21-23
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Stock markets for securities are important because
A) they are where corporations raise financial capital. B) they are where proprietorships and partnerships raise financial capital. C) they permit individuals to transfer their savings directly into investment spending. D) they make the stocks and bonds more valuable.
Banks act as financial intermediaries by: a. bringing together car buyers and auto dealers
b. bringing together real estate brokers and home buyers. c. printing money for all to use. d. serving the credit needs of borrowers and the security needs of savers. e. selling shares of stock to investors.
Suppose the population (age 16 and over) of New Zealand is 48 million; 4 million are unemployed, and 40 million hold jobs. Indicate the rate of unemployment and the employment/population ratio of New Zealand
a. The unemployment rate is 10 percent, and the employment/population ratio is 75 percent. b. The unemployment rate is 9.1 percent, and the employment/population ratio is 91.7 percent. c. The unemployment rate is 10 percent, and the employment/population ratio is 83.3 percent. d. The unemployment rate is 9.1 percent, and the employment/population ratio is 83.3 percent.
The view held by Arthur Laffer and Ronald Reagan that cuts in tax rates would encourage people to increase the quantity of labor they supplied became known as
a. California economics. b. welfare economics. c. supply-side economics. d. elasticity economics.