The figure below shows free public schooling leading to less education.
A. True
B. False
C. Uncertain
B. False
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A temporary decrease in government purchases causes the real interest rate to ________ and output to ________ in the short run, before prices adjust to restore equilibrium
A) rise; rise B) rise; fall C) fall; rise D) fall; fall
In recent times, there has been a decline in the sale of newspapers in the U.S. as people prefer to read the news on the internet. This has caused many newspaper journalists to lose their jobs. This is an example of: a. structural unemployment. b. frictional unemployment. c. cyclical unemployment
d. seasonal unemployment. e. underemployment.
The economic way of thinking stresses that
a. changes in personal costs and benefits generally do not influence human behavior. b. incentives matter--when an option becomes less costly, people will be more likely to choose it. c. if one individual gains from an economic activity, then someone else must lose. d. goods provided by government do not consume valuable scarce resources since government activity is not part of the market economy.
Suppose that the annual dividend per share of stock is $5.40 and the closing price of the stock is $72.50, the yield of the stock would be
A) 13.43% B) 7.45% C) 23.62% D) 8.38%