Saving is a(n) ________ and wealth is a(n) ________.
A. asset; liability
B. stock; flow
C. flow; stock
D. liability; asset
Answer: C
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The demand for a monopoly's output is p = 50 - Q. The monopoly's marginal cost is $4 and the market wage is $2. How many units of labor are demanded by the monopoly?
A) L = 46 B) L = 23 C) L = 0 D) L = 10
An increase in the demand for a product will shift the demand curve for labor producing the product to the right
a. True b. False Indicate whether the statement is true or false
A temporary decrease in the price of oil will shift the short run aggregate supply curve right but not shift the long run aggregate supply curve
a. True b. False Indicate whether the statement is true or false
The corporate income tax is
a. a tax on corporate profit, not revenue. b. the single largest source of federal revenue. c. a payroll tax paid partially by employees and partially by employers. d. has increased as a proportion of federal tax revenue since 1950.