Regardless of whether you are looking through the microeconomics microscope or the macroeconomics telescope, the fundamental subject material of the interconnected __________ doesn’t change.
a. market
b. economy
c. production
d. firm
b. economy
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A firm has successfully adopted a positive technological change when
A) it can produce more output using the same inputs. B) it sees an increase in worker productivity. C) it produces less pollution in its production process. D) it can pay its workers less yet increase its output.
The simple correlation between educational attainment and income is very strong and consistent
Indicate whether the statement is true or false
As disposable income grows,
A. both autonomous C and induced C rise. B. both autonomous C and induced C fall. C. autonomous C falls and induced C rises. D. autonomous C stays the same and induced C rises.
When the profits of a corporation are taxed and the dividends paid to stockholders are also taxed
A) the government is engaging in double taxation. B) the government is engaging in capital gains taxation. C) the government is engaging in regressive taxation. D) the government is engaging in progressive taxation.