Businesses are less likely to make investment expenditures in order to increase their production or initiate new ventures under which of the following conditions?
A) if the economy appears to be weakening
B) if interest rates increase
C) if corporate income taxes increase
D) all of the above
D
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The United States exports approximately ________ percent of all goods and services produced in the country.
A. 16. B. 8. C. 3. D. 13.
In a perfectly competitive market, the market supply curve is
a. the marginal cost curve above average total cost for a representative firm. b. the horizontal sum of all the individual firms' supply curves. c. the vertical sum of all the individual firms' supply curves. d. always a horizontal line.
A trough in the business cycle:
a. The natural rate of unemployment is at a minimum point b. Structural and frictional unemployment are at their highest levels c. Employment and output reach their lowest levels d. Cyclical unemployment is at a minimum point
The Clayton Act of 1914:
A. outlawed price discrimination, tying contracts, acquisition of stocks of competing corporations, and interlocking directorates that lessen competition. B. prohibited unfair or deceptive acts or practices in commerce that tend to reduce competition. C. outlawed vertical and conglomerate mergers. D. prohibited one firm from acquiring the assets of another when the effect was to limit competition.