Economists distinguish a "normal" good from an "inferior" good by focusing on
A) how a change in income effects the demand for that good.
B) the good's quality.
C) the good's durability.
D) the good's desirability.
E) all of the above.
A
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A decrease in which of the following would decrease the tax wedge?
A) federal budget deficit B) national debt C) money supply D) marginal tax rate
The Suffolk System
a. operated similarly to the modern Federal Deposit Insurance Corporation. b. led to lower discount rates on the notes of country banks in New England. c. was established by Nicholas Biddle. d. was used primarily prior to 1863 in Louisiana. e. All of the above.
If the official unemployment rate increases from February to March because of sluggish sales in the automobile industry, then the increase can be blamed on: a. seasonal unemployment. b. cyclical unemployment
c. structural unemployment. d. frictional unemployment. e. underemployment.
Sound career decision-making involves
What will be an ideal response?