Most of the taxes collected by governments tend to
A. remain fixed.
B. move in the opposite direction from GDP.
C. be sales taxes.
D. rise and fall with the level of GDP.
Answer: D
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The ____ is the ratio of ____ to the ____
a. standard deviation; covariance; expected value b. coefficient of variation; expected value; standard deviation c. correlation coefficient; standard deviation; expected value d. coefficient of variation; standard deviation; expected value e. none of the above
If there were four firms in an industry each with a 25% market share, what would the Herfindahl-Hirschman Index equal?
a. 2500 b. 1250 c. 1,000 d. 625
The CPI assumes a fixed basket of goods over time. In fact, consumers are likely to change purchasing behavior over time by purchasing less of the goods whose prices have risen by relatively large amounts and by buying more of the goods whose prices have risen less or maybe even fallen. What problem does this cause for measuring the cost of living?
One way the government can boost the economy out of a recession is:
A. with public announcements telling the public to save their money. B. by increasing government spending. C. by setting price ceilings on most goods so people can afford them. D. None of these will help an economy in recession.