A price taker is
A) a firm that accepts different prices from different customers.
B) a consumer who accepts different prices from different firms.
C) a perfectly competitive firm.
D) a firm that cannot influence the market price.
E) both C and D
E
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Which of the following limits the ability of the current system of transfer programs to increase the incomes of the able-bodied poor?
a. The high implicit marginal tax rates that accompany the current income transfer programs reduce the incentive of the poor to earn. b. The transfer programs encourage the poor to marry and form dual-earner families. c. The transfer programs tend to increase the wages that employers are required by law to pay for low-skill labor. d. The transfer programs reduce the likelihood of single-parent families.
When government receipts exceed total government spending during a fiscal year, the difference is
a. a budget surplus. b. a budget deficit. c. the national debt. d. automatically refunded.
A consol is:
A. a bond with a maturity date exceeding 10 years. B. a bond that makes periodic interest payments forever. C. another name for a zero-coupon bond. D. a form of a bond that is issued quite often by the U.S. Treasury.
Participating in a seminar that helps to improve your performance at work represents an investment in your ________ capital.
A. tangible B. financial C. human D. social