Which of the following countries experienced deflation for several years in the period 2002- 2012?
A. France
B. Germany
C. Italy
D. Japan
D. Japan
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The earned income tax credit (or EITC):
A. reduces the sales tax paid by low-income workers. B. provides tax credits to firms who hire low-income workers. C. gives low-income workers credits on their federal income taxes. D. reduces the tax rate on investment income.
Use the following graph to answer the next question.
Assume the economy is initially located on AD0 and AS0. An increase in personal income taxes would result in price ________ and real domestic output ________.
A. E; B B. F; C C. F; A D. G; B
Which of the following statements is true?
A) Countries with lower investment in research and development (R&D) are likely to have higher standards of living. B) The Industrial Revolution started in the United States and spread to other parts of the world. C) The Industrial Revolution started in South America and spread to other parts of the world. D) Countries with a higher investment in research and development (R&D) are likely to have higher standards of living.
A tax credit is a credit on goods and services paid by one member of a corporate family to another.
a. true b. false