A firm that has positive economic profits has accounting profits that are
A) zero.
B) positive.
C) negative.
D) indeterminate without more information.
B
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Which of the following is(are) indexed to inflation?
A. Standard deduction B. Employer contributions to pensions C. Gifts and inheritances D. None of the answer options are correct.
An increase in the demand for commercial complexes will: a. shift the demand for land curve to the left. b. shift the demand for land curve to the right. c. decrease the rental earnings from land
d. decrease the quantity of land demanded.
An increase in the tax rate can cause total tax collections to fall if:
A. the tax is progressive. B. higher taxes cause individuals to substitute leisure for labor. C. the tax is regressive. D. higher taxes cause individuals to substitute labor for leisure.
Which of the following will tend to increase velocity?
A. A decrease in the number of payments B. A decrease in inflation C. An increase in interest rates D. An increase in the money supply E. All of these responses are correct.