To pay back Social Security loans, Congress could do all of the following except
A. Reduce spending on non-Social Security programs.
B. Increase budget deficits.
C. Sell fewer U.S. Treasury bonds.
D. Raise future taxes.
Answer: C
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Answer the following statements true (T) or false (F)
1. In a market economy, resources are allocated by the government. 2. In a market system, the government enforces laws ensuring that private enterprises and conditions of competition will prevail. 3. The most common type of business in the United States is the corporation. 4. The vast majority of U.S. businesses have more than 500 employees each.
A firm will break even when
A) P > ATC. B) P = ATC. C) P = AVC. D) P < AVC.
Which of the following will raise the expected marginal product of capital?
A) a reduction in the interest rate B) increased business optimism C) an investment tax credit D) a reduction in the corporate profits tax
In a competitive labor market, if the supply of labor increases, wages will:
A. increase. B. decrease. C. remain the same. D. drop to zero.