If the nation's capital stock increases so that workers become more productive, the
A) demand for labor will increase.
B) supply of labor will increase.
C) demand for labor will decrease.
D) supply of labor will decrease.
A
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Suppose one goal of the tax system was to achieve vertical equity. While people may disagree about what is "equitable," based on the marginal tax rates given for the two years, which of the following statements is true?
a. Vertical equity is possible in both years. b. Vertical equity is possible in 2009 but not in 2010. c. Vertical equity is not possible in 2009 but is possible in 2010. d. Vertical equity is not possible in either year.
A change in supply is represented by a shift of the supply curve
Indicate whether the statement is true or false
Which of the following is assumed when constructing a production possibilities curve?
A) a fixed amount of resources B) the efficient use of resources C) resources of a given quality D) All of the above are correct.
Which of the following transactions would be included in service imports in the U.S. balance of payments?
a. A Chinese exporter sells toys to a toy retailer in the United States. b. An American firm pays a Danish shipping company to transport products to Europe. c. A European purchases a bond from the U.S. Treasury Department. d. A U.S. resident buys a plane ticket from American Airlines for future travel to Mexico.