Which of the following statements is false?
A) Activists are more likely to advocate fine-tuning the economy than nonactivists.
B) Activists believe that monetary and fiscal policies can be and should be deliberately used to smooth out the business cycle.
C) Nonactivists believe that monetary and fiscal policies cannot and should not be deliberately used to (try to) smooth out the business cycle.
D) Nonactivists favor rules-based monetary policy.
E) none of the above
E
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Many business professionals constantly monitor their incoming email and text messages so they can appear to be alert and responsive, even at night and on weekends
Alternatively, some time management consultants recommend that business professionals should not constantly check for new messages because this practice distracts the worker from scheduled tasks that may have higher priority. The decision to check email or text messages less frequently may not harm the worker's salary if it is a: A) weak signal of worker ability. B) weak signal of cell phone strength. C) strong signal of worker ability. D) strong signal of ease of distraction.
Continuing with the same vacation-insurance company from the preceding question, is there any vacation-day price that would both strictly increase the family's expected utility (compared to no insurance) and strictly increase the profits of the risk-neutral insurance company?
a. No. b. Yes, 3 or 4. c. Yes, 4. d. Yes, 4 or 5.
The person most likely to receive a payment from a corporation in a year of losses is the
A) bondholder. B) common stockholder. C) preferred stockholder. D) investment banker.
Transfer payments are
A. Payments to individuals for which no current goods or services are exchanged. B. Government expenditures on goods and services. C. Social Security taxes paid by employers. D. Government tax receipts.