Balanced budget amendments are believed to be destabilizing. Explain why this is so
What will be an ideal response?
When an economy enters a recession, tax revenues automatically fall. A balanced budget amendment would require that either taxes be increased or spending cut — both of which would cause Y to fall even further.
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Damian owns a tattoo parlor and has hired three tattoo artists to work for him. The marginal product of labor is 8 for the first artist, 12 for the second artist, and 7 for the third artist
What is Damian's average product of labor for these three tattoo artists?
Core competency implies:
A) a firm produces one single product. B) a firm hires only one type of employee. C) a firm focuses on only one type of customer. D) a firm does one thing better than it does other things. E) a firm must be competent at its core - its executive level.
The natural rate of unemployment is calculated by adding together the ______ rates of unemployment.
a. cyclical and frictional b. cyclical and structural c. frictional and structural d. cyclical, frictional, and structural
In 2017, Hooverville consumed 205,000 tons of sugar. In 2018, sugar consumption rose to 245,000 tons. Calculate the percentage change in sugar consumption
A) 8.37% B) 11.95% C) 19.51% D) 26.33%