A tax system that applies a lower marginal tax rate at higher levels of income is
A) progressive.
B) regressive.
C) proportional.
D) backward.
B
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Which of the following is the best example of a pair of substitute goods?
A) coffee and cream B) videotapes and VCRs C) money and biscuits D) tortillas and salsa E) powdered and liquid laundry detergent
Sonia was a great bookkeeper 20 years ago, then left the workforce to stay home and raise her children. Now that they're in college, Sonia looks for another bookkeeping job, but they all require computer skills that she doesn't have. Sonia would be considered:
A. frictionally unemployed. B. structurally unemployed. C. Sonia is not in the labor force.. D. seasonally unemployed.
The VER between the United States and Japan was shown to _______________ gas consumption, _______________ the use of energy, and _______________ gas mileage from automobiles.
a. raise; raise; lower b. lower; lower; raise c. raise; lower; lower d. lower; raise; raise
For this question, assume that firms' of productivity are accurate while workers' expectations of productivity adjust slowly over time. In this case, an increase in productivity will cause which of the following?
A) an increase in both the real wage and the natural rate of unemployment B) a decrease in both the real wage and the natural rate of unemployment C) an increase in the real wage and a reduction in the natural rate of unemployment D) a decrease in the real wage and an increase in the natural rate of unemployment E) none of the above