Which of the following is subtracted from net national product to arrive at national income?
a. net income of foreigners
b. depreciation
c. indirect business taxes
d. transfer payments
c
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In general, there is a(n) ________ relationship between the height/strength of the barriers and the number of firms in an industry
A) direct B) inverse C) constant D) random
The federal funds rate is determined in a market and targeted by the Fed
a. True b. False
Which of the following does NOT affect the long-run aggregate supply curve?
A. technology B. price level C. endowments of resources D. production possibilities curve
Factors that have contributed to the increase in women's labor-force participation rate in the U.S. include the following, except:
A. Rising wage earnings brought about by rising productivity B. Better education and more professional training C. Access to a wider range of job opportunities D. Increase in the number of children, requiring mothers to find work along with fathers