Empirically measuring the marginal social benefit of pollution is ________ and empirically measuring the marginal social cost of pollution is ________.
A. difficult; relatively easy
B. relatively easy; difficult
C. difficult; difficult
D. relatively easy; relatively easy
Answer: C
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For all employee earnings subject to Social Security taxes, what is the current Social Security tax rate for employers?
A) 0.8% B) 2.9% C) 4.2% D) 6.2%
In general, a change in the price of a good:
A. causes a substitution effect only. B. causes an income effect only. C. causes both an income and substitution effect. D. usually has no effect.
In which one of the following currencies is an international loan likely to be measured?
a. German mark b. Japanese yen c. Chinese yuan d. Swiss franc
Macroeconomics is the study of economics from the standpoint of:
a. Individual economic units b. A typical household c. The overall economy d. A typical firm