The demand for loanable funds has a ________ slope because the lower the interest rate, the ________ number of investment projects are profitable, and the ________ the quantity of loanable funds demanded
A) negative; greater; greater B) negative; lesser; greater
C) negative; greater; lesser D) positive; lesser; lesser
A
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According to the ability-to-pay principle of taxation
A) people in the same economic situation should bear an equal share of the tax burden. B) individuals who are willing to bear a greater share of the tax burden should be compensated with non-monetary benefits. C) it is fair to expect a greater share of the tax burden to be borne by people who have a greater ability to pay. D) individuals who receive the benefit of a good or service should bear a greater share of the tax burden.
Which of the following is likely to have the shortest long run?
A) a nail salon B) a construction firm C) an electric company D) a container ship operations company
Fill in the blanks. Which of the following has been found by researchers in surveys of consumers? Most people consider it _________ for firms to raise their prices following an increase in costs ____________ to raise prices following an increase in demand.
a. fair; and fair b. fair; but unfair c. unfair; but fair d. unfair; and unfair
The phantom unemployed are
A. Discouraged and cause the unemployment statistic to understate the level of unemployment. B. Not part of the labor force because they do not desire to work. C. Unemployed and cause the unemployment statistic to overstate the level of unemployment. D. Classified as cyclically unemployed.