From 1979 to 2011, which country had the highest growth rate of GDP per hour of work?
a. Singapore
b. United Kingdom
c. France
d. Japan
a
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If, as your taxable income increases, you pay a smaller percentage of your taxable income in taxes, then the tax is
A) progressive. B) regressive. C) proportional. D) unfair.
The curve showing the short-run relationship between the unemployment rate and the inflation rate is called
A) the Phillips curve. B) the monetary policy curve. C) the unemployment curve. D) the Sargent curve.
Most recently, the GATT agreement has replaced the WTO as the main institution promoting international trade
Indicate whether the statement is true or false
Tariffs cause deadweight loss because they move the price of an imported product closer to the equilibrium without trade, thus reducing the gains from trade
a. True b. False Indicate whether the statement is true or false