During 1971 - 1998, the new ________ and greatly expanded EITC created a motivation for the low-earning households to file returns when they were not legally required to do so.
A. Working Tax Credit
B. Child Tax Credit
C. Retirement Savings Credit
D. Earned Income Credit
Answer: B
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A decrease in U.S. prices relative to European prices
A) will decrease European exports to the United States. B) will increase U.S. imports from Europe. C) will decrease U.S. exports to Europe. D) will not affect U.S. trade with Europe.
Which of the following is another way of saying "marginal benefits of an action"?
A. Benefits given up, once the action is taken B. Unintended gains from taking the action C. Benefits accruing to others, as a result of one's action D. Extra benefits resulting from the action
The case study on Software Development, Inc. (SDI) reviews the introduction of thirty-eight new or revised software packages for the costs of defects. Do an analysis of Table 23.2. If you look at the software introductions with more than fifty defects and those with fewer than twenty-five defects, what general conclusions can you come to concerning the product costs, training costs, prevention costs, and maintenance/service costs of SDI?
What will be an ideal response?
Refer to the diagram. Assume that nominal wages initially are set on the basis of the price level P 2 and that the economy initially is operating at its full-employment level of output Q f . In the short run, demand-pull inflation could best be shown as:
A. a move from b to c on AS 2 .
B. a move from b to c to d.
C. a change of aggregate supply from AS 2 to AS 3 .
D. a move from b to d.