Which of the following is the single most important source of U.S. economic growth?
A. Stability of the socio-cultural-political environment
B. Improvement in the legal and human environment
C. Increases in the quantity of labor
D. Increases in labor productivity
D. Increases in labor productivity
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A program under which the government gives all citizens a substantial lump sum payment that is financed by a tax earned income is termed a(n) ________.
A. positive income tax. B. in-kind transfer. C. negative income tax. D. unearned income tax credit.
A monopoly can successfully price discriminate as long as there are no close substitutes for its product
a. True b. False Indicate whether the statement is true or false
The bond demand curve slopes downward because:
A. as bond prices fall bonds are less attractive. B. as bond prices fall so do yields. C. as bond prices rise yields increase. D. at lower prices the reward for holding the bond increases.
Openness and change in the economic models of India and China have meant for the world economy all of the following EXCEPT
A) hundreds of millions of people have escaped poverty. B) many manufactured goods and services have become cheaper. C) forced some firms to downsize, offshore or otherwise change business practices. D) increased the market power of firms in industrialized countries as they gained most from this evolving trade.