The social security tax is called FICA, which stands for:
a. Federal Investment Corporation of America.
b. Federal Income Contributions to Americans.
c. Funding from Individuals and Corporations in America.
d. Federal Insurance Contributions Act.
d
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In most cases, optimization in differences is faster and easier than optimization in levels because:
A) the former involves fewer steps to arrive at a conclusion. B) the former only focuses on the key differences between options and ignores things in common. C) the former focuses only on the benefits of an option, ignoring all calculations involving costs. D) the former uses simpler arithmetic tools in comparison to the latter.
During the housing market and financial crises of 2007 and 2008, the Fed increased the volume of discount loans in an attempt to
A) reassure financial markets and promote financial market stability. B) stabilize prices and reduce the growing inflation rate. C) eliminate structural unemployment to lower the unemployment rate. D) attract foreign investment and stabilize interest rates.
Many large urban banks experienced heavy losses during the 1980s and 1990s. Many of the losses at urban banks can be attributed to
a. heavy international loan commitments and risky investments b. widespread bank panics during the late 1980s c. extraordinary oil profits of Saudi Arabia and Venezuela d. investing too heavily in farm machinery e. the U.S. trade deficit with Japan
The value of the marginal product of capital can be calculated as the marginal product of capital multiplied by the cost of the capital input
a. True b. False Indicate whether the statement is true or false