Compared to the rest of the industrial world, the United States' tax revenues
a. as a percent of GDP is the lowest
b. as a percent of GDP ranks among the highest
c. as a percent of GDP ranks among the lowest
d. as a percent of GDP is the highest
e. is the lowest
C
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Consider the same market for nonalcoholic beer as in the previous question. Cudweiser's response function is
a. QB = 2,000 ? .5QC b. QB = 1,500 ? .5QC c. QC = 2,000 ? .5QB d. QC = 1,500 ? .5QB
What is one of the criticisms of measuring unemployment?
a. People who are not employed and not seeking work are counted as unemployed. b. People who are self-employed but not reporting their income to tax authorities are counted as employed. c. People who report that they are looking for work, but are not looking very hard, are counted as unemployed. d. People who do not have jobs and would be available to work but have gotten discouraged at the lack of available jobs in their area and stopped looking, are counted as unemployed.