Refer to the information provided in Table 22.1 below to answer the question(s) that follow. Table 22.1
Refer to Table 22.1. The unemployment rate is
A. 14.3%.
B. 16.7%.
C. 17.6%.
D. 25.0%.
Answer: C
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What is the national security argument for restricting international trade? What is its flaw?
What will be an ideal response?
We cannot be certain that a general sales tax will decrease labor supply because _____
a. of the effect of lower income on labor supply b. of the effect of higher tax revenue on consumption c. of the effect of the sales tax on labor supply d. we do not know about labor demand
Your firm is evaluating a potential investment in new machinery, but the manager in charge of the project uses an opportunity cost of capital that is too large. How does this error affect the projected net present value of the firm's investment?
A) NPV is overstated B) NPV is understated C) NPV is unaffected D) NPV changes from positive to negative
The largest component of private investment expenditure is
a. inventories b. the capital stock c. new home construction d. purchases of newly-produced plant and equipment e. government investment in private industries