In recent decades, a primary source of growth in U.S. output has been
A. Rapid growth of the money supply.
B. Increased productivity per worker.
C. Increased capacity utilization.
D. A reduction in structural unemployment.
Answer: B
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The figure illustrates the demand for magazines. Newsagents will maximize their total revenue when they ________
A) sell 375 magazines a day B) sell as many magazines as they can C) charge $2.50 a magazine D) sell 750 magazines a day
One reason stagflation is difficult to recover from is because:
A. less output requires less inputs to be hired. B. prices tend to adjust more quickly downward than upward. C. wages are sticky downward. D. input prices increase with output prices.
For all employee earnings subject to Social Security taxes, what is the current Social Security tax rate for employees?
A. 6.2% B. 0.8% C. 4.2% D. 2.9%
If the United States decreases the tariff on imported tuna steaks, this will
A. increase the number of tuna steaks imported in the United States and increase the production of tuna steaks in the United States. B. reduce the number of tuna steaks imported in the United States and increase the production of tuna steaks in the United States. C. increase the number of tuna steaks imported in the United States and reduce the production of tuna steaks in the United States. D. reduce the number of tuna steaks imported into the United States and reduce production of tuna steaks in the United States.