The town of Marble Falls has 10 workers, of which 8 are employed and 2 are actively seeking work. The unemployment rate in Marble Falls is
A) 5%.
B) 10%.
C) 20%.
D) 25%.
C
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If the quantity supplied of science fiction novels decreases by 3% and the price elasticity of supply is 15, what has been the percentage price change?
a. -15% b. -3% c. -5% d. -0.2%
Tariffs and quotas are often imposed when a government is more responsive to __________ interests, and the benefits of those trade restrictions are often __________
A) consumer; concentrated B) consumer; widely dispersed C) producer; concentrated D) producer; widely dispersed
In 2003, the Bush administration revised the tax bill to include provisions to:
A. delay tax increases from the 2001 bill. B. decrease the child tax credit. C. lower taxes on dividends. D. increase taxes on capital gains.
Answer the following statements true (T) or false (F)
1) In an uncontrolled or unregulated system, commercial bank lending will tend to intensify the business cycle. 2) An individual bank can safely lend out a multiple of its excess reserves, but the banking system can safely lend out only an amount equal to the excess reserves in the banking system. 3) If the reserve requirement is 20 percent, the monetary multiplier will be 4. 4) The higher the reserve requirement, the lower is the monetary multiplier.