The expected real cost to a firm of using an additional unit of capital during a period of time is the
A) user cost of capital.
B) marginal product of capital.
C) marginal cost of capital.
D) opportunity cost of capital.
A
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Referring to a production possibilities curve and the goods being compared, depict the economic event. Computerization in the 1990s launched thousands of new businesses in the United States (capital goods vs. consumer goods).
A. A movement from a point inside the curve to a point on the curve B. A movement from a point on the curve to a point inside the curve C. A shift in the entire curve to the right (outward) D. A shift in the entire curve to the left (inward)
The 2010 U.S. Federal Personal Income six tax brackets range from 10 percent for individuals earning less than $8,025 to 35 percent for those earning over $357,700 whereas the Lithuanian tax rate for all citizens' income is 24 percent
The Lithuanian income tax system is a ________ tax and the U.S. income tax system is a ________ tax. A) progressive; proportional B) regressive; progressive C) proportional; regressive D) proportional; progressive
In 1911, the Supreme Court established the rule of reason. This rule held that
a. the Sherman Antitrust Act made only unreasonable restraints of trade illegal. b. the Court was entering a new deductive stage of reasoning. c. the Sherman Antitrust Act made the mere size of a firm an offense. d. All of these.
A major attraction of the flat tax is its simplicity.
Answer the following statement true (T) or false (F)