Unemployment insurance provided by the U.S. government is usually funded by:
a. the excise duties imposed on the import of foreign goods.
b. the national tax on payrolls levied on firms.
c. external borrowing by the U.S. government.
d. printing new money.
e. selling off government bonds.
b
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In chapter 1 your authors marveled at the way highway traffic is orderly and self-regulating. In chapter 6, however, they discuss a growing problem on urban roadways—congestion. What's the cause of roadway congestion?
A) Typically, road use is a scarce good with a zero price tag. B) Not enough drivers have studied economics. C) More and more drivers think only of themselves. D) Population growth
According to Okun's law, when cyclical unemployment increases from 2 to 3 percent, the recessionary gap widens from ________.
A. ?2 percent to ?3 percent B. ?4 percent to ?6 percent C. 4 percent to 6 percent D. 0 percent to 1 percent