Taxation alters the behavior patterns of individuals
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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The demand for labor depends on I. technology. II. the prices of other factors of production. III. the price of the product
A) I and II B) II and III C) I and III D) I, II and III
Economics
Which of the following inputs are variable in the long run?
A) labor. B) capital and equipment. C) plant size. D) all of these.
Economics
Compensation of employees
a. is included in the expenditure approach to GDP accounting b. is part of consumption expenditures c. is the largest component of national income d. excludes contributions to employees' Social Security e. includes rental income
Economics
If stagflation is present the short-run Phillips curve is vertical
Indicate whether the statement is true or false
Economics