According to supply-side economists, the incentive to save during the Clinton Administration fell due to a combination of
a. an increase in net export and a budget surplus.
b. an increase in the tax rates on upper-income Americans and more government regulation.
c. higher inflation and higher tax rates on lower-income Americans.
d. None of the above
B
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Which one of the following resources is not underemployed?
A. The use of Manhattan Island in New York City for growing corn. B. The use of farmland in the Iowa and Illinois corn belt for buildings to do stock market research. C. An automobile factory that is shut down for two months to be retooled for a model change. D. Limiting all men to the fields of school teaching and social work.
Two students are assigned a group project. Each has the option to work or not work to achieve a high grade. The payoffs are shown in the above table. Student 1 should
A) work only if student 2 works. B) work regardless of the decision made by student 2. C) not work if student 2 works. D) not work regardless of what student 2 decides.
According to the factor price equalization theorem, if country B is labor abundant, then if country B initiates trade with country A
A) wages and rents should fall in A. B) rents and rents should rise in A. C) wages should rise and rents should fall in A. D) wages should fall and rents should rise in A.
Stocks that offer a guaranteed fixed periodic payment or dividend are known as:
a. common stock. b. restricted stock. c. close-ended stock. d. preferred stock. e. open-ended stock.