Supply-side economists favor tax incentives that
A. Reduce the level of investment.
B. Encourage saving.
C. Increase the risk incurred by entrepreneurs.
D. Discourage infrastructure development.
Answer: B
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Government production accounts for about half of all GDP in the United States
a. True b. False Indicate whether the statement is true or false
When foreigners buy U.S. dollars because they are a more stable currency than the currencies in their countries, they are generating a
A. Supply of U.S. dollars and a demand for a foreign currency. B. Supply of U.S. dollars and a supply of a foreign currency. C. Demand for U.S. dollars and a demand for a foreign currency. D. Demand for U.S. dollars and a supply of a foreign currency.
In economic terminology, the accumulated training and education that workers receive that increases their productivity is referred to as
A) entrepreneurship. B) human capital. C) labor. D) physical capital.
What is the difference between physical capital and human capital?
What will be an ideal response?