Tag: Economics – Others

In a free-market economy, a product which entails a positive externality will be:
produced at the optimal level.
provided solely by the government.
overproduced.
underproduced.

Consider a consumption optimisation framework with two goods, good 1 and good 2. The demand function for good 2 is x2 = 30/p2. Given this, what can we infer for sure?

which of the following is an exogenouus variable on the supply side?
a) the privce of a complimentary good
b)Taste and preferances
c) Consumer confidence
D) workers wages

Based on the following data, calculate the Labor Force Participation rate to a whole percent. Employed: 155,000,000Unemployed: 6,500,000Not in the Labor Force: 95,000,000
Labor Force = Employed + Unemployed = 155,000,000 + 6,500,000 = 161,500,000
Total population (Labor Force + Not in the Labor Force) = 161,500,000 + 95,000,000 = 256,500,000
Labor Force Participation Rate = (161,500,000 / 256,500,000) × 100 ≈ 63%
Answer: 63%

Why did Reconstruction come to an end?
because it was too expensive
because of a political compromise
because it was unpopular with voters
because its goals were accomplished

A developing economy is characterized as
Multiple Choice
a heavily agrarian economy.
more politically active.
less technically developed.
having a fair distribution of income.

Which of these presidents was not impacted by the Twenty-Second Amendment and the two-term limit?Multiple ChoiceBill ClintonRonald ReaganFranklin RooseveltGeorge W. Bush

Which of the following qualifications could make an applicant eligible for bonus pay?
Group of answer choices
a high school diploma
a neck tattoo
a 4.0 GPA
a training program

The supporters of the FAIR TAX, including former Arkansas Governor Huckabee, claim that it could replace The Federal Income taxes and Social Security Taxes. true or false

follow the company all over the world.
International law
Host-country laws
Home-country laws
None of the above apply