Refer to the table below. To increase output from 99 to 132 units requires ________ extra employee-hours; to increase output from 132 to 165 units requires ________ extra employee-hours.OutputPer DayNumber ofEmployeeHours Per Day00331662994132716511
A. 11; 18
B. 4; 3
C. 3; 4
D. 7; 11
Answer: C
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Historically, velocity has been:
A. relatively stable, though the recent crisis has temporarily caused some significant changes. B. relatively stable, though the Great Depression of the 1930s caused some significant fluctuations. C. in sync with the business cycle, slowing during times of decline and increasing with recovery. D. in sync with the business cycle, increasing during times of decline and increasing with recovery
Refer to the figure below. In this game, how many dominant strategies does Player B have?
A. 2 B. 0 C. 1 D. 4
A tax loophole is
a. an illegal method by which individuals or corporations avoid paying the taxes they legally owe. b. a provision in the tax code that allows individuals or corporations to reduce their tax burdens legally by meeting certain conditions. c. a tax surcharge on incomes within certain ranges. d. a provision in the tax code that allows individuals or corporations to shift the economic incidence of a particular tax on to someone else.
At the core of the American trade problem is that
A. Americans spend too much on consumption. B. the dollar is too low. C. the Japanese are excluding American products by means of high protective tariffs. D. American manufacturers are too quality conscious and should instead concentrate on reducing costs.