How many households in the United States receive their incomes mainly from the business sector?
A. 300 million
B. 117 million
C. 50 million
D. 39 million
B. 117 million
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Which of the following is likely to happen if the government of a country introduces a subsidy on job creation?
A) The labor demand curve shifts to the right. B) The labor supply curve shifts to the right. C) The labor supply curve shifts to the left. D) The labor demand curve shifts to the left.
With a price support program, who receives a subsidy?
A) only consumers B) only producers C) the government D) importers E) Both consumers and producers receive a subsidy.
When the government finances a shovel-ready project through taxes or borrowing, this will result in
A) lower taxes or interest rates, which will reduce private sector employment. B) lower taxes or interest rates, which will increase private sector employment. C) higher taxes or interest rates, which will reduce private sector employment. D) higher taxes or interest rates, which will increase private sector employment.
If the MPC = 0.9 and a household obtains $20,000 more dollars then how much would the household spend of the additional $20,000?
A. $20,000 B. $2,500 C. $18,000 D. $17,500