In reference to welfare recipients, the high effective marginal tax rate on earnings
a. encourages self-sufficiency
b. encourages more labor market activity
c. discourages employment
d. increases total family income if the marginal tax rate exceeds 100 percent
e. tends to increase welfare benefits as more income is earned up to the "means-test" threshold
C
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The expansion of human capital and the discovery of new technologies ________ because ________
A) decrease real GDP; they shift the productivity curve downward B) increase real GDP; they result in a movement upward along the productivity curve C) increase real GDP; they shift the productivity curve downward D) increase real GDP; they shift the productivity curve upward E) decrease real GDP; they shift the productivity curve upward
If the demand is ________, a fall in price ________ total revenue
A) elastic; increases B) elastic; decreases C) inelastic; increases D) inelastic; does not change
Changes in business activity are
A) referred to as business fluctuations. B) referred to as the ebb and flow of business. C) always undesirable. D) caused by the changing seasons every year.
The intent of the Sarbanes-Oxley Act was to
a. help companies be better able to deal with the ethical problems raised by increased technology b. restore stakeholder confidence in the securities market after a series of scandals in the early 2000s c. create a commission that would monitor the accounting records of major businesses d. scare businesses into conforming with the GAAP standards in their accounting practices