Economists often refer to the government revenue obtained from money creation as:
A) liquid revenue. B) windfall revenue.
C) an inflation tax. D) a supplementary tax.
C
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If total private-sector employment increased from 15,000 in March to 15,750 in April, then we know for sure that
A) the private sector created 750 jobs during that time frame. B) the unemployment rate deceased during that time frame. C) the change in private-sector employment was 750 during that time frame. D) All of the above answers are correct interpretations of the information.
The demand for real estate derives from the need that market participants (e.g., owner occupants, tenants, renters) have for shelter and convenient access to other locations. This competition for physical location and space occurs in the:
A. User Market B. Capital Market C. Government Sector D. Property Market
Window cleaners that work the top floors of high-rise office buildings are, on average, paid approximately 30 percent more an hour than those that clean windows on the bottom floor. This is an example of
a. non-pecuniary job benefits. b. compensating wage differentials. c. irrational wage compensation. d. employment discrimination.
Why is it a bad business practice to assume that raising prices will lead to increases in total revenue?
What will be an ideal response?