Household production still exists because it often requires fewer specialized resources than market production does
a. True
b. False
A
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The per se rule was applied in the Alcoa case
a. True b. False Indicate whether the statement is true or false
Other things constant, which of the following would cause the M1 money supply to decline?
a. an increase in the quantity of U.S. currency held overseas b. a shift of funds from interest-earning checking deposits to money market mutual funds c. a reduction in the general public's holdings of currency outside of banks because debit cards have become more popular and widely accepted d. a shift of funds from money market mutual funds into stock and bond mutual funds because the fees to invest in the latter have declined
Which of the following is not correct?
a. A negative income tax only applies to working people, so it encourages people to get full-time work. b. Supporters advocate the use of the Earned Income Tax Credit as a way to help the working poor. c. A negative income tax subsidizes the incomes of poor people. d. An advantage of a negative income tax is that it is not based on the number of children, so it does not provide incentives for unmarried women to have children.
Which of the following is a topic studied in macroeconomics?
A. Gasoline price changes B. Unemployment rates over time C. Taxation strategies of major corporations D. Consumer participation in Facebook