Among developed economies, the natural rate of unemployment
a) is a fixed number
b) tends to follow a steady upward trend
c) varies, but less the actual unemployment
d) varies more the actual unemployment
e) tends to follow a steady downward trend
c) varies, but less the actual unemployment
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Laura purchased a brand new Pontiac for $20,000. The moment she assumed ownership, and drove it off the lot, its market value immediately fell to $17,500. Is the $2,500 difference in value a sunk cost?
A) No. B) Yes it is, but only if Laura regrets her decision to have purchased the new Pontiac. C) Yes it is, but only if Laura receives no compensating benefit from the new Pontiac. D) Yes it is, but only if Laura decided to immediately resell the car. E) Yes it is, period.
In the late 1990s, Thailand, Malaysia, and Indonesia all experienced sharp declines in the value of their currencies; this resulted in economic instability and crisis. The collapse in the values of their currencies undermined their development by:
A. decreasing political instability. B. decreasing population growth. C. increasing corruption. D. reducing investment.
The manner in which FDIC deposit insurance is set up in the United States encourages banks to
A. maintain excess reserves that are too great. B. reject some loans that probably would be profitable. C. make riskier loans than they otherwise would. D. be too conservative in their lending practices.
Which of the following taxes is most clearly based on the benefits-received principle of taxation?
a. corporate income tax b. gasoline tax c. personal income tax d. payroll tax e. value added tax