Exam 16: Applying the Basics: Special Topics in Economics

Stock analysts often argue that lower interest rates are good for the stock market. Does this argument make sense?

The combined SAT scores of American students is

Between the late 1960s and 2009, the achievement scores of American students

As the percentage of the labor force belonging to a union fell in the United States during the 1955 through early 2000 period, the share of national income going to labor

Which of the following is true regarding the average achievement (SAT) scores of high school graduates in the United States?

Which of the following is an advantage of an indexed equity mutual fund relative to a managed equity fund?

In 1980, the top 1 percent of earners paid 19.1 percent of the federal personal income tax. By 2008, the share of this tax collected from the top 1 percent of earners

(I) Richer people are more willing to make sacrifices to gain greater environmental quality. (II) Poor countries are not as resilient when faced with the threats caused by environmental degradation.

The share of Americans who pay no personal income tax

Government expenditures for Social Security and unemployment benefits are examples of

Economic analysis indicates that the monetary policy of the 1930s, which shifted back and forth between restrictive monetary policy and expansionary monetary policy, would likely result in

During the last two decades, most of the surplus generated by the Social Security system was

Which one of the following factors contributed to the decline in real output during the Great Depression?

"The United States should not sign the Kyoto Protocol, an international treaty that requires industrial nations to limit carbon dioxide emissions to 1990 levels." An economist should be expected to

"My broker studies the stock market and the management of specific firms. When he advises me to buy, I listen because he is an expert." Analyze this view.

Which of the following best describes the impact of fiscal policy during the Great Depression?

OECD data for 1960 through 1999 indicates that a 10 percent increase in government expenditures as a percent of GDP

Which of the following reforms would reduce the likelihood of a future financial crisis?

Compared to the situation prior to 1980, the top marginal personal income tax rate imposed on the rich is now substantially

Estimates from the U.S. Treasury Department suggest that the typical family in the lowest income quintile pays approximately what percent of their total income in federal taxes?