The income of a typical worker in a country is most closely linked to which of the following?
a. population
b. productivity
c. market power
d. government policies
b
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Explain three factors that would cause the dollar to appreciate
When the government taxes income as part of a redistribution program,
a. the poor pay higher taxes. b. the rich always benefit more than the poor. c. the poor are encouraged to work. d. incentives to earn income are diminished.
When looking at this graph for the welfare effects of a price ceiling, area d represents ______.
a. the net welfare gain to society b. the deadweight loss to society c. the transfer of consumer surplus to producer surplus d. the transfer of producer surplus to consumer surplus
A booming economy can make investors:
A. wary of future downturns, and shift the supply curve for loanable funds to the left. B. eager to borrow money, and shift the demand curve for loanable funds to the right. C. eager to borrow money, and shift the supply curve for loanable funds to the right. D. wary of future downturns, and shift the demand curve for loanable funds to the left.