If the U.S. government retires the national debt, then A) a shift in the demand of loanable funds will cause interest rates to rise. B) a shift in the demand of loanable funds will cause interest rates to fall. C) a shift in the supply for loanable funds will cause interest rates to rise. D) […]
Date: September 9th, 2020
Benefit levels for TANF are the same, regardless of where you live. Indicate whether the statement is true or false ANSWER F
Date: September 9th, 2020
More than 50% of the elderly receive private pensions. Indicate whether the statement is true or false ANSWER F
Date: September 9th, 2020
If average Americans start to pay off the huge credit card debt they now hold, then A) a shift in the supply of loanable funds will cause interest rates to rise. B) a shift in the supply of loanable funds will cause interest rates to fall. C) a shift in the demand for loanable funds […]
Date: September 9th, 2020
In the personal computer market, some large manufacturers are able to buy computer components (e.g., disk drives, flat-screen monitors, and memory chips) and software at lower prices than smaller firms in the market. This outcome indicates that the large firms enjoy some degree of ________ in this market. A) monopoly power B) oligopoly power C) […]
Date: September 9th, 2020
If technological breakthroughs in the internet cause large numbers of firms to consider investment projects they hadn’t previously thought of, then A) a shift in the supply of loanable funds will cause interest rates to rise. B) a shift in the supply of loanable funds will cause interest rates to fall. C) a shift in […]
Date: September 9th, 2020
A high marginal tax rate reduces work incentives. Indicate whether the statement is true or false ANSWER T
Date: September 9th, 2020
Bridge Coal Company is the only employer in a remote and mountainous region of the country, so the firm is the monopsony buyer of labor in the market. If the price of coal increases, then the firm’s quantity of labor demanded ________ and the equilibrium wage ________. A) decreases, decreases B) decreases, increases C) increases, […]
Date: September 9th, 2020
The breakeven income level can be found by multiplying the income floor by the marginal tax rate and then adding disregarded income. Indicate whether the statement is true or false ANSWER F
Date: September 9th, 2020
Unlike a competitive buyer, A) a monopsonist faces an upward-sloping industry supply curve. B) a monopsonist pays a different price for each unit purchased. C) a monopsonist sets marginal value equal to marginal expenditure. D) a monopsonist pays a price that depends on the number of units purchased. ANSWER D
Date: September 9th, 2020
