An increase in the rate of depreciation is associated with ________
A) a decrease in the rate of productivity
B) a decrease in gross investment
C) a decrease in net investment
D) an increase in net investment
C
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Economists measure the output of an economy by
Fill in the blank(s) with the appropriate word(s).
If the U.S. government removes tariffs it had placed on imports from countries that have been accused of deliberately undervaluing their currencies, the price of these imports will ________ and the demand for the undervalued currency will ________
A) fall; rise B) rise; rise C) rise; fall D) fall; fall
Most of the growth in plastic card use has been in
A) credit cards. B) debit cards. C) online purchases. D) electronic transfer.
The Laffer curve indicates that
a. when tax rates are low, a decrease in tax rates is likely to increase tax revenues. b. when tax rates are high, an increase in tax rates is likely to a decrease in tax revenues. c. tax revenue will always increase when tax rates are increased. d. tax revenue will always decrease when tax rates are lowered.