Elimination of the corporate income tax would ________ government saving and probably ________ private business saving
A) increase, increase
B) increase, decrease
C) decrease, increase
D) decrease, decrease
C
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Providing a constant number of workers with additional capital with which to work will ________ labor productivity at a(n) ________ rate.
A. increase; increasing B. decrease; decreasing C. increase; decreasing D. increase; constant
Use the following diagrams to answer the next question.
Which of the diagrams represents the short-run Phillips Curve?
A. Graph A B. Graph B C. Graph C D. Graph D
If the demand for a good is perfectly inelastic, what will happen to the quantity demanded if there is a tiny increase in price?
a. quantity demanded will increase proportionately b. quantity demanded will fall to zero c. quantity demanded will decrease proportionately d. quantity demanded will remain the same
Refer to the following graphs.
Floods in the U.S. Midwest reduce the U.S. corn crop. Which graph depicts the effect of the floods on the U.S. corn market?
A. I B. II C. III D. IV