An investment in an economy's human and physical capital results in an increase in the:
a. supply of money
b. inflation rate in the economy.
c. gross domestic product of the economy.
d. level of foreign reserves in the economy.
c
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Refer to the figure above. If a per-unit tax of $3 is imposed on the sale of Good X, what is the tax revenue received by the government?
A) $20 million B) $10 million C) $12 million D) $60 million
Approximately how many women were estimated to be "missing" in China?
(a) 20-30 million (b) 35-48 million (c) 44-50 million (d) 52-58 million
Money serves as a basic yardstick for measuring economic value (a unit of account), allowing:
A. governments to restrict the issuance of private monies. B. goods and services to be exchanged with a double coincidence of wants. C. people to hold their wealth in a liquid form. D. easy comparison of the relative prices of goods and services.
If unemployment insurance causes someone to wait longer before looking for work, this would be called
A. asymmetric information. B. moral hazard. C. adverse selection. D. adverse allocation.