During recessions, who would tend to call for more government spending?
A. Liberals
B. Conservatives
C. Both liberals and conservatives
D. Neither liberals nor conservatives
A. Liberals
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Capital gains are
A. the amount of income a taxpayer has after taxes are paid. B. total sales prices from assets. C. any profit you have from asset sales. D. total net income from all sources.
If a nation is going to achieve its full potential, it must have
What will be an ideal response?
Interest is the payment for the use of
A. borrowed funds. B. natural resources. C. labor. D. any factor of production.
Economic rent is
A. the return to landlords. B. a payment for the use of any resource above its opportunity cost. C. a payment for land, an apartment, or a house that one does not own. D. the return to owners of farmland.