Reduction or elimination of dividend taxes is designed, in part, to
A) reduce the double taxation burden on individuals.
B) make rich people richer.
C) reduce inefficiencies in the production process.
D) increase corporate tax levels.
Answer: A
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A rightward shift in the demand curve for a product will ordinarily result from
A. a decrease in the advertising budget. B. a decrease in the price of a competing product. C. an increase in consumer income. D. an increase in the price of a complementary good.
When expectations of inflation are revised upward, the short-run Phillips curve: a. shifts rightward. b. becomes steeper. c. shifts leftward
d. becomes flatter.
In economics, how long is the long run?
A. whatever time it takes a firm to vary all inputs B. more than 20 years C. 1 year or longer D. 24 months or longer
Which of the following will lead to an increase in the firm's short-run demand for labor?
A. an improvement in labor productivity B. a decrease in price of the final product's substitute good C. a decrease in the price of the final product D. a decrease in the number of buyers for the final product