Altering the demographic of your workforce in a manner that increases the labor force, like raising a legal minimum retirement age, is likely to:
A. create more productive workers in all facets of the economy.
B. lead to a sustainable high rate of growth in income for a country.
C. lead to a higher level of income for a country.
D. All of these are true.
Answer: C
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Given the data in the above table, income of $13, a price of $1 for a bottle of water and $2 for a hamburger, what is the marginal utility per dollar spent on water and on hamburgers when the consumer is in consumer equilibrium?
A) 20 units of utility per dollar spent B) 10 units of utility per dollar spent C) 5 units of utility per dollar spent D) 1 unit of utility per dollar spent
The federal funds rate is a long-term interest rate banks charge one another for loans
a. True b. False Indicate whether the statement is true or false
A tax multiplier equal to ?4.30 would imply that a $100 tax increase would lead to a:
A. $430 decline in real GDP. B. $430 increase in real GDP. C. 4.3 percent increase in real GDP. D. 4.3 percent decrease in real GDP.
Being risk averse means that you would be willing to pay ________ than the expected outcome in order to guarantee an outcome.
A. no more or less B. more or less C. more D. less