The highest unemployment rate recorded since World War II came in ________
A) September 1929
B) January 1961
C) December 1982
D) October 2009
C
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If workers sit idly by for a portion of their workday, but are still employed, firms may be engaged in ________
A) intertemporal substitution B) voluntary unemployment C) labor hoarding D) real business
If policymakers in an open economy want to increase the wealth of their citizens, should they seek to increase saving, or to increase investment? Explain
What will be an ideal response?
A positive cost-benefit ration implies that the activity or program should be undertaken
a. True b. False
A regressive tax:
a. is designed to take a larger percentage of higher incomes as compared to lower incomes b. is designed in such a way that as a person's income rises, the amount of tax as a proportion of income rises. c. takes a greater proportion of the income of lower-income groups than of higher-income groups. d. is considered to be the most equitable type of tax.