Unemployment insurance provided by the U.S. government is usually funded by:
a. the excise duties imposed on the import of foreign goods.
b. the national tax on payrolls levied on firms.
c. external borrowing by the U.S. government.
d. printing new money.
e. selling off government bonds.
b
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Assume that there are two nations, Alpha and Beta. Each nation produces two products, wheat and steel. Alpha has a comparative advantage in the production of wheat. If the two nations trade, the trade price of wheat in terms of steel will be
A. greater than the domestic opportunity cost of wheat in both nations. B. less than the domestic opportunity cost of wheat in both nations. C. less than the domestic opportunity cost of wheat in Alpha and greater than the domestic opportunity cost of wheat in Beta. D. greater than the domestic opportunity cost of wheat in Alpha and less than the domestic opportunity cost of wheat in Beta.
Which of the following is correct?
a. Lenders sell bonds and borrowers buy them. b. Long-term bonds usually pay a lower interest rate than do short-term bonds because long-term bonds are riskier. c. The term junk bonds refers to bonds that have been resold many times. d. None of the above is correct.
The most popular definition of "profit" is
What will be an ideal response?
In which of the following market structures do you find no barriers to entry?
A. perfect competition B. monopolistic competition C. monopoly D. Both perfect competition and monopolistic competition are correct