Taxes ____ the incentive to work, since they ____ an individual's after-tax earnings
a. reduce; increase
b. increase; reduce
c. increase; increase
d. reduce; reduce
d
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Diversification involves:
A. investing all your money in one company. B. buying only one kind of stock. C. buying only low-risk bonds. D. None of these statements is true.
When the expenditure approach is used to measure GDP, the major components of GDP are
a. consumption, investment, indirect business taxes, and depreciation. b. employee compensation, rents, interest, self-employment income, and corporate profits. c. employee compensation, corporate profits, depreciation, and indirect business taxes. d. consumption, investment, government consumption and gross investment, and net exports.
Macroeconomics involves the study of the decision-making of individual firms or individuals.
Answer the following statement true (T) or false (F)
Which of the following world regions has received the largest percentage of lending from the World Bank since 1990?
A. Africa B. South Asia C. Middle East D. Latin America/Caribbean