Unsold goods are part of the nation's capital stock
a. True
b. False
A
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For firms, dividends are not deductible. They are, however, taxed preferentially at the individual level.
A. True B. False C. Uncertain
In the same city, one job currently pays $6 more per hour than another job. The two jobs have equivalent training requirements, but labor is not migrating toward the higher-paying occupation. Both markets are perfectly competitive. Which of the following conclusions is correct?
a. The lower-paying occupation has less attractive nonmonetary characteristics. b. There are barriers to entry into the higher-paying occupation. c. The higher-paying occupation has a dominant labor union. d. There are barriers to entry into the lower-paying occupation. e. The higher-paying occupation has less attractive nonmonetary characteristics.
Revenue remains unchanged along a straight-line demand curve.
Answer the following statement true (T) or false (F)
Which of the following scenarios illustrates the theory of rational expectations? a. Kyle decides to buy a plot of land near the new industrial hub of his city
b. Sheila decides to take up a job in a shoe store rather than studying further. c. Dean decides to look for new jobs when the economy is in recession. d. Kevin determines that the average miles per gallon on his last three car trips is 37.