Educational reforms that result in improved reading and math skills of high school graduates as they enter the labor force would do what to the aggregate supply curve?
a. Shift it outward.
b. Shift it inward.
c. Move the economy up along the curve.
d. Move the economy down along the curve.
a
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Refer to Table 20.1. George is a single taxpayer with an income of $65,000. What is George's marginal tax rate?
A) 19% B) 27% C) 38% D) 57%
If the food stamp program in the United States moved from coupons redeemable for food to cash payments
A) everyone would buy less food and more of other goods. B) everyone would buy more food and less of other goods. C) some people might buy less food and obtain a higher level of utility. D) some people might buy less food and obtain a lower level of utility.
Consider a panel regression of unemployment rates for the G7 countries (United States, Canada, France, Germany, Italy, United Kingdom, Japan) on a set of explanatory variables for the time period 1980-2000 (annual data) If you included entity and time fixed effects, you would need to specify the following number of binary variables:
A) 21. B) 6. C) 28. D) 26.
Country A has a comparative advantage compared to Country B in the production of shoes if
A. Country A can produce shoes using fewer resources than Country B can. B. Country A can produce shoes at a lower cost in terms of other goods than Country B can. C. Country A can produce shoes at a lower monetary cost than Country B can. D. the demand for shoes is higher in Country A than in Country B.