For a firm, a decrease in the interest rate resulting from monetary policy can:
A. decrease its net worth.
B. decrease the cost of its liabilities.
C. decrease the value of its assets.
D. all of the answers given are correct.
Answer: B
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Which of the following would be considered consumption?
A. Doris bought a new van for her delivery business. B. Mike was renting an apartment, but has now built a new house. C. Sid works for the Bureau of Motor Vehicles. He just bought a new flat screen TV for people to watch while waiting to be served. D. Tina replaced the old water heater in her house with a new one that is more energy efficient.
The Equal Pay Act of 1963 requires that men and women be given equal pay for equal work in the same establishment
Most people agree that gender discrimination in the workplace is unfair, but many economists have criticized advocates of comparable worth. Is paying the same wages for jobs that have comparable worth mandated by the Equal Pay Act? Why don't most economists support proposals to force employers to pay their male and female employees based on comparable worth rules?
How has the share of the personal income tax paid by the rich (the top 1 percent of earners) and the not-so-well-off (the bottom half of earners) changed during the last four decades?
a. The rich now pay a larger share and the not-so-well-off pay a smaller share of the personal income tax. b. The rich now pay a smaller share and the not-so-well-off pay a larger share of the personal income tax. c. The share of the personal income tax paid by the rich increased between 1960 and 1980, but the share of the revenues collected from the rich has declined sharply since 1980. d. The relative shares paid by the rich and the not-so-well-off have been virtually unchanged during the last four decades.
Which of the following is NOT an objective of government?
(a) High and stable economic growth. (b) Low unemployment. (c) High Inflation. (d) Positive Balance of Payments