Most economic growth in the world occurred between 1,000,000 B.C. and 1300 A.D
Indicate whether the statement is true or false
FALSE
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Income taxes paid by corporations are
A) the major source of revenue for the federal government. B) the major source of revenue for state governments. C) the major source of revenue for local governments. D) about 9 percent of the federal government's revenue. E) the major source of expenditure by the federal government.
Which of the following statements about the above figure is TRUE?
A) Point A is equally preferred to point C. B) Point B is equally preferred to point C. C) Point C is preferred to point A. D) Point A is preferred to point C.
All factors of production usually experience:
A. diminishing total productivity. B. diminishing marginal productivity. C. decreasing average variable cost. D. decreasing average fixed costs.
Which of the following is an example of capital?
A. Money B. A bulldozer C. A CD D. A U.S. Savings bond