In order to fund industrywide advertising, managers of trade associations often try to charge the members that receive a lower marginal benefit from advertising ________.
A) a high fee
B) the total cost of the advertising
C) nothing
D) a lower fee
D) a lower fee
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U.S. imports are
a. not added to U.S. GDP because they are produced abroad b. added to U.S. GDP because they are consumed domestically c. added to U.S. GDP because they represent an increase in inventories d. added to U.S. GDP as government purchases because the government decides what goods may be imported e. not added to U.S. GDP because they are intermediate goods
Suppose the market rate of interest is 5%. The local government imposes a tax of $40 per acre on all land located within city limits. The year after the tax is imposed, Val sells an acre of land on which she had planned to build a house. How much was Val's share of the economic burden of the tax?
a. $0. b. $40. c. $200. d. $800.
After being fired from a job, some people find that it may take several months to find a new job in the same line of work, even when the economy is not in a recession. This is an example of which of the following types of unemployment?
A. Seasonal unemployment. B. Frictional unemployment. C. Cyclical unemployment. D. Structural unemployment.
The National Income and Product Accounts (NIPA) for the U.S. are compiled by the:
A. National Bureau of Economic Research B. Bureau of Economic Analysis C. National Census Bureau D. Council of Economic Advisers