Which of the following is a method of reducing the poverty trap?
a. Imposing requirements for work as a condition of receiving benefits
b. Ensuring that government benefits are increased gradually over time
c. Reducing government benefits by an amount equal to income earned
d. Providing a guaranteed minimum income for all needy recipients
a. Imposing requirements for work as a condition of receiving benefits
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Where Y is GDP, C is consumption, I is investment, G is government purchases, and there is no international trade, national saving equals:
A. Y - C - G. B. Y + C + G. C. Y - C - I. D. C + I + G.
Which of the following is a method used by government to cope with the situation in which production of a good creates an external benefit?
A) removing property rights B) subsidizing production C) marketable permits D) running a lottery E) imposing Coasian taxes
Using the table above, if the current market value of the dollar is 90 francs
A) investor A expects dollar appreciation, but B and C expect depreciation. B) investor C expects dollar depreciation, but A and B expect appreciation. C) all three investors expect the dollar to appreciate. D) all three investors expect the dollar to depreciate.
When the actual exceeds the natural unemployment rate, this means that we have ________ unemployment
A) positive structural B) negative structural C) positive cyclical D) negative cyclical