English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

10. As it relates to public goods, nonexcludability means that nonpayers cannot be barred from obtaining the benefits.
A) True
B) False

11. An example of a public good is cable television.
A) True
B) False


12. Assume the natural rate of unemployment in the U.S. economy is 5 percent and the actual rate of unemployment is 9 percent. According to Okun's law, the negative GDP gap as a percent of potential GDP is:
A) 4 percent.
B) 8 percent.
C) 10 percent.
D) 2 percent.


13. The business cycle is so named because upswings and downswings in business activity are equal in terms of duration and intensity.
A) True
B) False

14. The marginal tax rate is the tax rate that applies to additional income.
A) True
B) False

15. Most output in the United States is produced by:
A) cooperatives.
B) partnerships.
C) sole proprietorships.
D) corporations.

2007-06-28 04:37:02 · 1 answers · asked by icycrissy27blue 5 in Social Science Economics

1 answers

10 true
11 false
12 B)8 percent.
13 false
14 true
15 C)sole proprietorships.

2007-06-28 06:25:16 · answer #1 · answered by JuanB 7 · 0 0

fedest.com, questions and answers