A person who works part-time is considered to be:
a. employed
b. unemployed.
c. out of the labor force.
d. overemployed.
a
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Consider two economies: A and B. If the gap between the growth rate of money supply and growth rate of real GDP is larger in country A than in country B, then according to the quantity theory of money:
A) the inflation rate will be lower in country A. B) the inflation rate will be higher in country A. C) real interest rates will be higher in country A. D) nominal interest rates will be lower in country A.
Why are increasing returns to scale and fixed costs important in models of international trade and imperfect competition?
What will be an ideal response?
If Olivia's income increases from $40,000 to $50,000 and her tax liability increases from $6,000 to $9,000, which of the following is true?
a. Her marginal tax rate is 18 percent in this range. b. Her marginal tax rate is 30 percent in this range. c. Her average tax rate was 22.5 percent when her income was $40,000. d. The tax structure must be regressive in the range between $40,000 and $50,000.
How might a government cause a demand shift to the right?
A. By regulating supplies B. By requiring consumers to purchase certain products C. By causing a shift in consumer tastes D. By increasing taxes