State governments in the United States can raise revenue by all the following means except
A) increasing income taxes.
B) increasing taxes on corporate profits.
C) increasing sales taxes.
D) increasing the money supply.
D
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Joe is willing to pay $4 for his first slice of pizza and $3 for his second slice of pizza. If the price is $2, on his two slices of pizza Joe receives a total consumer surplus of
A) $4. B) $3. C) $2. D) $1.
What can we say about the employment of resources if the economy is at a point on its production possibility frontier?
What will be an ideal response?
In 2015, the labor force participation rate was 62.6 percent. This means that:
A. 62.6 % of all working age people were employed. B. only 62.4 percent of labor force was in working age population. C. 62.6 % of all working age people wanted a job. D. there was 37.4 % unemployment.
When a demand schedule is drawn as a graph,
a. price is measured on the vertical axis. b. quantity is measured on the horizontal axis. c. the resulting curve has a negative slope. d. the other variables (besides price and quantity) are held constant. e. All of the above are correct.