In the U.S., the employment ratio is highest among ________, and lowest among ________
A) women; both sexes combined
B) men; college-educated workers
C) women; men
D) men; women
D
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Refer to Figure 5.6. Which diagram shows a decrease in income with bread being normal and soup being inferior?
A. A
B. B
C. C
D. D
Which of the following is an example of fiscal policy?
a. a change in taxes that affects investment spending b. a change in government spending on goods and services c. a change in taxes that affects consumer spending d. all of the above
A nondiscriminating pure monopolist is generally viewed as:
A. both productively and allocatively inefficient. B. productively efficient but allocatively inefficient. C. productively inefficient, but allocatively efficient. D. both productively and allocatively efficient.
To bring the economy out of an inflationary period, Keynes argued that the government should
A. decrease taxes and/or increase government spending. B. increase taxes and/or decrease government spending. C. cut both taxes and government spending. D. increase both taxes and government spending.