The Bureau of Labor Statistics' U-1 measure of joblessness includes only very long-term unemployed
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following could cause economic growth?
a. Growth in productivity b. Growth in the employment-population ratio c. Growth in the average number of hours worked d. Growth in the population e. All of these
Differentiate between an induced increase in consumption and an autonomous increase in consumption. How are they represented on a graph?
Based on the graph showing diminishing marginal utility of income, which action would cause the greatest loss in utility?
a. taking $30,000 from high earners
b. taking $30,000 from low earners
c. giving $30,000 to high earners
d. giving $30,000 to low earners
________ occurs when households can alter their behavior and do something to legally avoid paying a tax.
A. Tax incidence B. Tax shifting C. Tax evasion D. Tax depreciation