Refer to Figure 17-1. If the wage rate is $40, how many workers should Dale hire?
A) 6 B) 5 C) 4 D) 3
D
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Which of the following is included in the category of corporate profits when measuring GDP?
I. Profits paid as dividends. II. Undistributed profits. III. Income received by owners and operators of businesses. A) I only B) I and II C) I and III D) I, II and III
A firm that has limited liability is classified as a
A) proprietorship. B) partnership. C) partnership or proprietorship. D) corporation.
When the Fed supplies the banking system with an extra dollar of reserves, deposits increase by more than one dollar—a process called
A) extra deposit creation. B) multiple deposit creation. C) expansionary deposit creation. D) stimulative deposit creation.
Why do most economists favor emissions taxes and transferable pollution rights over compliance standards as pollution deterrents?