The government should increase the minimum age for collecting Social Security benefits. This statement is best described as
A. a positive statement.
B. an example of the fallacy of logic.
C. an example of marginalism.
D. a normative statement.
Answer: D
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The reserve ratio equals 20 percent. The Fed buys $1 million in U.S. government securities. The most the money supply can increase is
A) $5 million. B) $4 million. C) $10 million. D) $1 million.
Refer to Figure 12.5. If exchange rates are floating, an expansionary monetary policy would best be represented by a movement from ________ in panel (a) and a corresponding movement from ________ in panel (b)
A) point A to point B; point X to point Y B) point C to point A; point X to point Y C) point D to point C; point Y to point X D) point B to point D; point Y to point X
Analysis of data on workers and those looking for work is conducted by economists at the
a. Office of Management and Budget. b. Department of Labor. c. Congressional Budget Office. d. Department of the Treasury.
The success of self-employed entrepreneurs depends on
A) a strong need to stay with tried and true ways of doing things. B) high personal consumption rates. C) an ability to discover and act on valuable opportunities overlooked by others. D) the government and its investment in research and development.