The concept of economic rent would be more applicable to the earnings of
a. a secretary.
b. Peyton Manning.
c. a doctor or a lawyer.
d. only a landowner.
b
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The monetarist-Keynesian debate on the importance of monetary policy is unresolved because monetarists and Keynesians focus on two different types of evidence that generate conflicting conclusions. Monetarists tend to focus on
A) structural-model evidence, while Keynesians focus on reduced-form evidence. B) reduced-form evidence, while Keynesians focus on structural-model evidence. C) reduced-form evidence, while Keynesians focus on direct-model evidence. D) structural-model evidence, while Keynesians focus on direct-model evidence.
Explain the interaction between inflation and tax revenues. Did the indexing of tax brackets in 1982 eliminate all of the negative effects of inflation on taxes?
What will be an ideal response?
The Social Security program is like a private pension plan in that _____
a. it is a pay-as-you-go system b. it is voluntary c. benefits are a function of earlier contributions d. you have a legal right to your benefits
The U.S. terminated its role in the slave trade in the early 1800s. What is the best assessment of what would have happened had the U.S. not ended the slave trade?
a. The price of slaves would be lower and the wages of free workers would be lower. b. The price of slaves would be higher and the quantity of free workers would be lower. c. The price of slaves would be lower and the wages of free workers would be higher. d. The quantity of slaves would be higher and the quantity of free workers would be higher. e. The quantity of slaves would be lower and the wages of free workers would be lower.