Questions from General Economics

Q: The use of a Backward-L shaped aggregate supply curve allows

The use of a Backward-L shaped aggregate supply curve allows us to ________ in a way that other shapes would not. a) consider various levels of prices b) consider different macroeconomic points of...

Q: An environmental economist would likely recommend which of the following policies?

An environmental economist would likely recommend which of the following policies? a) Eliminate fossil fuel consumption b) A tax on gasoline equal to the environmental damage caused by a gallon of g...

Q: The institution of teacher tenure is meant to a) ensure

The institution of teacher tenure is meant to a) ensure job security for teachers with 10 years of experience. b) ensure that teachers do not get fired for political reasons. c) allow teachers to e...

Q: The institution of teacher tenure is meant to a) ensure

The institution of teacher tenure is meant to a) ensure job security for teachers with 10 years of experience. b) ensure that teachers do not get fired for political reasons. c) allow teachers to e...

Q: Using a poverty line of $12,500, under the

Using a poverty line of $12,500, under the current system of calculating the poverty rate, which of the following people are not considered to be in poverty and probably ought to be? a) A rural famil...

Q: The early evidence on programs like Head Start made it clear that

The early evidence on programs like Head Start made it clear that a) the rate of return to these programs was very low. b) the net present value of the external benefits was positive. c) the short-...

Q: Since its inception, the portion of earnings that have been subject

Since its inception, the portion of earnings that have been subject to the Social Security tax has a) remained roughly intact. b) increased substantially. c) decreased slightly. d) decreased subst...

Q: If Congress wants to use $100 billion on tax cuts,

If Congress wants to use $100 billion on tax cuts, the version that would help a family of four making $40,000 a year would a) lower marginal tax rates by one percentage point. b) increase the stand...

Q: Cartels are considered ______ because each participant is motivated to ______.

Cartels are considered ______ because each participant is motivated to ______. a) stable; work with each other cooperatively b) stable; work in their own interest to produce more c) unstable; work...

Q: The motorsports industry is dominated by independent teams running in series operated

The motorsports industry is dominated by independent teams running in series operated as a) monopolies. b) oligopolies. c) monopolistic competitors. d) perfect competitors.