Which of the following represents a positive statement?
a. A higher income tax rate will reduce the amount of time that people spend working.
b. Teenage unemployment should be reduced.
c. We should raise the standard of living for the elderly.
d. A decrease in tax rates is needed to help the poor.
a
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All other things held constant, premiums on options will increase when the
A) exercise price increases. B) volatility of the underlying asset increases. C) term to maturity decreases. D) futures price increases.
Other things the same, if a country saves more, then
a. net capital outflow rises, so net exports rise. b. net capital outflow rises, so net exports fall. c. net capital outflow falls, so net exports rise. d. net capital outflow falls, so net exports fall.
A worker's "real" wage is related to:
a. his productivity in the workplace. b. the value of his production to his employer. c. the nation's absolute advantage in production of that product. d. his productivity in the workplace, the value of his production to his employer, and the nation's absolute advantage in production of that product.
The United States typically has a merchandise ______ and a service ______.
A. deficit; deficit B. surplus; surplus C. deficit; surplus D. surplus; deficit