Depreciation allowance ________ the taxes a firm must pay and ________ the net present value of an investment.
A) increases; increases
B) increases; decreases
C) decreases; decreases
D) decreases; increases
D) decreases; increases
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Based on the textbook application, in the United Kingdom,
a. there are no official air quality standards b. limit values are defined for some of the same pollutants covered by the U.S. NAAQS c. standards for pollutant levels are set to be equivalent to those in the United States d. none of the above
Import-substitution development policies have been especially effective in promoting employment in newly industrializing sectors because these policies discourage the import of foreign capital goods
Indicate whether the statement is true or false
When the marginal cost of a price-taking firm is less than the market price of its product, the firm should:
a. expand output (provided that price is not less than average variable cost). b. reduce output (provided that price is not less than average variable cost). c. maintain output (provided that price is not less than average variable cost). d. charge more than the market price.
In 2011, federal government receipts were approximately
a. $4,000 per person and federal government spending was approximately $8,000 per person, resulting in a budget deficit. b. $8,000 per person and federal government spending was approximately $12,000 per person, resulting in a budget deficit. c. $12,000 per person and federal government spending was approximately $8,000 per person, resulting in a budget surplus. d. $8,000 per person and federal government spending was approximately $4,000 per person, resulting in a budget surplus.