Which of the following WOULD NOT be considered an automatic stabilizer for the economy?
A. Welfare payments
B. Unemployment compensation
C. The progressive income tax
D. An income tax surcharge
D. An income tax surcharge
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The increased efficiency and specialization that results from globalization illustrates the:
A. principle of increasing opportunity costs. B. cost-benefit principle. C. principle of comparative advantage. D. scarcity principle.
A matched sale-purchase transaction is also known as a
A) reverse repo. B) discount loan. C) put option. D) federal funds loan.
Other things constant, an increase in interest rates will
A) increase your incentive to borrow. B) increase your incentive to save. C) increase your incentive to buy a new car on credit. D) reduce your incentive to save.
Suppose Mo is considering whether to see Zombie Revenge III at her local movie theater. Tickets cost $12 each, but Mo isn't sure how much she's going to like the movie. There's a 40 percent chance she'll get $20 worth of enjoyment from seeing the movie, and there's a 60 percent chance she'll only get $10 worth of enjoyment from seeing the movie. Mo's expected value of seeing the movie is:
A. $2. B. $20. C. $4. D. $14.