In the real world, how many people does it take to make a light bulb?
A) About five. One person will make the bulb, and four will watch over the person doing the work.
B) Between ten and twenty
C) Less than forty
D) Millions
D
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Congestion taxes tend to cause an increase in traffic volume during rush hours.
Answer the following statement true (T) or false (F)
If the labor market becomes less efficient so that the unemployed are more slowly matched with jobs, then
A. the natural rate of unemployment will decrease. B. the natural rate of unemployment will not change. C. the natural rate of unemployment will increase. D. the natural rate of unemployment could either increase or decrease.
Joe complains that 32% of his income last year went to taxes. He is referring to his:
A. Average tax rate B. Marginal tax rate C. Proportional tax rate D. Progressive tax rate
When a member bank borrows reserves from the Fed,
A) it pays an interest rate called the discount rate. B) it pays no interest rate but is required to repay the loan within the stipulated period. C) it pays an interest rate equivalent to the coupon rate on long-term government bonds. D) it pays an interest rate equal to the federal funds in the reserves market.