Which of the following will cause a movement along the supply curve for oil?
A) new technology to drill oil underwater in the Gulf of Mexico
B) a change in the price of oil
C) an increase in the number of oil-producing firms
D) government subsidies to oil producers in Wyoming
B
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According to the Ricardian equivalence proposition, a government budget deficit created by a temporary tax cut
A) does not affect desired national saving. B) does not affect expected future taxes. C) reduces desired investment spending. D) increases the real interest rate.
During the first three years of a recovery from a recession, productivity
a. usually rises relatively rapidly. b. falls slowly. c. is quite puzzling since it is usually unpredictable with respect to the directional change. d. usually remains constant.
Dividends are paid by corporations out of _____ leading to _____
a. pre-tax income; dividends escaping taxation b. pre-tax income; the double taxation of saving c. after-tax income; dividends escaping taxation d. after-tax income; the double taxation of saving
Which is NOT an example of signaling high quality in a social setting
a. wearing a business suit on a job interview b. leaving a big tip for the waiter after a dinner date c. offering a cheap engagement ring to your bride d. Visiting the beauty salon before a big date