Lower marginal tax rates facilitate a higher return to innovative and risk-taking behavior
a. True b. False
a
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The "law of supply" states that, other things remaining the same, firms produce
A) more of a good the less it costs to produce it. B) less of a good the more it costs to produce it. C) more of a good the higher its price. D) less of a good as the required resources become scarcer.
If inflation is anticipated, some effects of inflation on the redistribution of income can be avoided
Indicate whether the statement is true or false
In large companies it is often the case that
A) bureaucracy compliments performance. B) profits increase with market share. C) bureaucracy overwhelms performance. D) revenues increase faster than costs.
Which of the following individuals least likely suffers from myopia?
A. Marilyn, who struggles to lose weight because she regularly cheats on her diet. B. Myrna, who lived through the Great Depression and tends to spend frugally and save most of her money. C. Malcolm, who currently spends all his income and saves nothing for retirement. D. Marvin, who regularly sleeps in and is constantly late for work, much to the chagrin of his boss.