A book that sells new for $100 will typically sell used for around
A. $100.
B. $75.
C. $50.
D. $25.
Answer: B
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The difference between personal income and disposable income is:
A) corporate taxes B) personal taxes C) savings D) none of the above
A negative supply shock ______ the amount producers will supply at any given price.
a. decreases b. increases c. destabilizes d. corrects
Barbara is a retailer of propane and propane accessories. As she designs her store layout for the new season, she recalls that a tax has just been removed from propane and propane products. If her store reflects the overall market, how should this knowledge influence her design?
a. She should make the propane area larger because more propane will be sold. b. She should leave the propane area the same size because the same amount of propane will be sold. c. She should make the propane area smaller because less propane will be sold. d. She should close the propane area until a new tax is added to propane.
If the U.S. system of unemployment insurance did not exist, one would predict that
A. workers would never become unemployed. B. workers in jobs that face seasonal cycles of unemployment would be paid higher wages. C. no worker would accept a job that is associated with seasonal unemployment. D. workers who became unemployed would remain unemployed for longer durations. E. seasonal unemployment would cease to exist.