Which of the following will cause the long-run aggregate supply curve to shift?I.Changes in the amount of capitalII.Changes in the price levelIII. Changes in the money supply
A. I only
B. II only
C. I, II, and III
D. only I and II
Answer: A
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Who is affected when a Pigouvian tax is imposed on a market with a negative production externality?
A. Producers B. Consumers C. Those affected by the externality D. All of these groups are affected when it becomes internalized.
The poverty rate in the United States was:
A. 12 percent in 2011. B. higher in 2011 than in 1960. C. about the same in 2011 as in 1993. D. nearly 20 percent in 2011.
_________ is the investment that individuals make in education, training, and health care that raise their productive capacity.
A. Capital market B. Human capital C. Human engineering D. Private good production
Household savings rates:
A. vary enormously across countries. B. seem to be similar for countries within the same continent. C. are impossible to compare across countries. D. are remarkably similar across countries.