The effectiveness of the Family Support Act of 1988 was enhanced by generous funding
Indicate whether the statement is true or false
F
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Suppose the local electrical utility, a legal monopoly based on economies of scale, was split into four firms of equal size, with the idea that eliminating the monopoly would promote competitive pricing of electricity. What do you anticipate would happen to prices?
A. The government would impose barriers to entry that protect prices
B. More competition would lead to lower prices
C. There would likely be no change in prices.
D. They would each have to raise prices to cover their higher costs.
The payroll tax rate is 12.4% on an amount of income adjusted annually for inflation called the wage base (e.g., $97,500 for the year 2007). Half of the tax is withheld from the employee's pay with the other half being paid by the employer
How might this tax be viewed as regressive?
Based on the transactions in the above table, what is the change in the U.S. balance of merchandise trade?
A) $11,000 B) $29,700 C) -$30,000 D) -$31,000
As real GDP increases, ceteris paribus, the slope of the aggregate supply curve
A. decreases. B. increases. C. is always zero. D. remains unchanged.