Almost every U.S. household receives some form of income transfer payments.
Answer the following statement true (T) or false (F)
True
When we include things such as public education, nearly every household gets some form of transfer, either in-kind or in the form of cash.
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Nominal interest rates are the
A) interest rates quoted in the market. B) real interest rates less the inflation rate. C) interest rates quoted in the market minus the inflation rate. D) interest rates quoted in the market plus the expected inflation rate.
Refer to Figure e. Brandon and Allie want to go on a date one summer evening. Allie is a Red Sox fan, while Brandon is a Mets fan. Both teams are playing that evening, but not against each other. Each would rather watch their favorite team, but neither can force the other to watch a particular game, and each is willing to suffer through the other's game if it means time together. What is the Nash equilibrium?
A. Allie watches the Red Sox, and Brandon watches the Mets.
B. Allie and Brandon both watch the Red Sox.
C. Allie and Brandon both watch the Mets.
D. Allie and Brandon both watch the Red Sox or Allie and Brandon both watch the Mets.
If the United States could produce 4 tons of potatoes or 2 tons of wheat per worker per year, while Ireland could produce 3 tons of potatoes or 2 tons of wheat per worker per year, the country with the comparative advantage in producing wheat is ____ and the country with the absolute advantage in producing potatoes is ____
a. the United States; the United States b. the United States; Ireland c. Ireland; the United States d. Ireland; Ireland
Based on the graph showing an increase in the growth of the money supply, the implication of the economy moving from point A to point C is that policies to alter output or unemployment ______.
a. can eliminate long-term unemployment problems
b. can help the economy sustain high output levels over long periods
c. take a long time to produce any noticeable effects
d. are ineffective over time because the economy returns to natural levels