Which of the following statements would come from someone classified as unemployed?
a. I'm not working because I'm going to Jamaica with my buddy.
b. I haven't had a job in a year, and I stopped looking for a job nine months ago.
c. I'm a full-time student at the University of Illinois who doesn't have time to work.
d. I can't stand my current job as a telemarketer. I used to be a nuclear engineer.
e. I'm not working. I had three interviews this week, and I'm trying to find a job.
E
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In the United States in 2014, the highest marginal tax rate for individual income taxes was 39.6%
Indicate whether the statement is true or false
"As soon as a mayor announced his/her 'get tough on crime' policy on New Year's day, criminals got scared and the crime rate went down." Suppose that the lower crime rate was actually caused by freezing cold temperatures in January?it was just too cold for anybody to be out robbing other people. Which fundamental hazard of the economic way of thinking did the mayor make?
A. believing that what's good for one person is good for the whole group (the fallacy of composition) B. failing to take into account the benefits of crime (the payoff fallacy) C. believing that association is the same as causation D. failing to understand the difference between positive and normative economics.