Critics argue that a disadvantage of the Earned Income Tax Credit is that it does not effectively target the working poor because many recipients are the teenage children of middle-income families
a. True
b. False
Indicate whether the statement is true or false
False
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What is the main reason behind the disparity in the growth rates of South Korea and North Korea over the last sixty years?
What will be an ideal response?
The funds firms use to buy and operate physical capital are referred to as
A) government capital. B) physical capital. C) business capital. D) human capital. E) financial capital.
Differentiate between principal and time value of money. John invests $100 in a bank for a year. At the end of the year he receives $125. What is the principal and time value of money in this case?
What will be an ideal response?
The greater are the barriers to entry into an industry
A. the more elastic will be the demand curves for existing firms. B. the more likely that existing firms will enjoy large profits in the long run. C. the lower will be short-run profits. D. the lower will be the average cost curves of existing firms.