For those in the lowest tax bracket, each dollar tax cut increases disposable income by about $1.33
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following would most likely cause a country's production possibilities set to shift outward at every point along the frontier?
A) a decrease in idle capital B) a decrease in unemployment C) a general technological advance that affects all sectors of the economy D) a technological advance in only one sector of the economy E) none of the above
Daily foreign exchange transactions have grow from about $15 billion in 1973 to about $4 trillion today
Indicate whether the statement is true or false
The quantity supplied of a good is the amount that a. buyers are willing and able to purchase
b. sellers are able to produce. c. buyers and sellers agree will be brought to market. d. sellers are willing and able to sell.
When the marginal physical product is rising
A. marginal cost is rising. B. average total cost is increasing. C. total cost is falling. D. marginal cost is falling.