Of the stimulus package proposed by the Bush Administration in 2008,
A. the tax rebates were adopted while, the extension of temporary tax cuts was rejected.
B. none of the proposed components of the package were actually implemented.
C. all of the proposed components of the package were quickly implemented.
D. the tax rebates were rejected while, the extension of temporary tax cuts was adopted.
Answer: A
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Unemployment that is the result of recessions is called
A) frictional unemployment. B) cyclical unemployment. C) downtime unemployment. D) structural unemployment.
From an economic perspective, when a student decides to go to the movies instead of studying for a test, it indicates that in the student's thinking the marginal:
A. Benefit of studying is greater than the marginal cost of studying B. Cost of going to the movies is less than the marginal benefit of going to the movies C. Benefit of studying are greater than the marginal benefit of going to the movies D. Cost of going to the movies is greater than the marginal cost of studying