What is the estimated effect of unemployment insurance on the period of unemployment?
a. It shortens the period of unemployment.
b. It lengthens the period of unemployment.
c. It negates an individual’s unemployment status.
d. It has no effect on the period of unemployment.
b. It lengthens the period of unemployment.
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By NOT taxing capital gains separately from ordinary income, what would happen to the government's stream of revenue?
What will be an ideal response?
In a perfectly competitive market, the market clearing price:
A) is always equal to the equilibrium price. B) is unrelated to the equilibrium price. C) is always lower than the equilibrium price. D) is always higher than the equilibrium price.
Gross domestic product (GDP) is the ________ in a given time period
A) value of personal consumption expenditures, gross private domestic investment, and federal government expenditures B) sum of wage and salary compensation of employees and corporate profits C) value of all final and intermediate goods and services produced by the economy excluding those goods exported to foreign nations D) market value of final goods and services produced by the economy
Individuals conscripted into military service _____
a. are forced to work for less than the market wage b. bear a heavy tax burden c. are not necessarily those with a comparative advantage in being a soldier d. all of the above