The Earned Income Tax Credit is available to all taxpayers, regardless of income level.
Answer the following statement true (T) or false (F)
False
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Which of the following statements is true?
A) Social planners are only concerned with efficiency and not equity. B) Social planners are only concerned with equity and not efficiency. C) To some, efficiency means an even distribution of goods across society. D) To some, equity means an even distribution of goods across society.
The United States has used export subsidies to encourage the exportation of
a. steel. b. agricultural products. c. automobiles. d. computers.
The point where diminishing marginal returns has begun to affect production is best characterized by the point where the:
A. marginal product curve begins to be negatively sloped. B. total product curve flattens out. C. average product curve begins to be negatively sloped. D. marginal product curve equals the average product curve.
A decrease in the productivity of a factor of production will
A. cause a firm to move down the marginal revenue product curve. B. cause a firm to move up the marginal revenue product curve. C. shift its marginal revenue product curve to the right. D. shift its marginal revenue product curve to the left.