Which of the following is not an explanation for the existence of unemployment in the long run?
a. it takes time for workers to search for the jobs that are best suited for them
b. minimum-wage laws
c. unions
d. the business cycle
d
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The Tax Reform Act of 2004
a. lowered marginal income tax rates. b. cut taxes on inheritance payments. c. lowered taxes or corporate dividends. d. Both b and c e. All of the above
If a corporation fails, the first recipients of funds that may remain are
A) preferred stockholders. B) common stockholders. C) bond holders. D) no one.
The formula for optimal employment of two resources, x and y, is
a. MPx - MPy b. MRPx = MRPy c. MPx ? Px = MPy ? Py d. MRCx = MRCy e. MRPx/MRCx = MRPy/MRCy = 1
One of the major purposes of reserve requirements is to provide:
a. Sources of foreign exchange. b. Sources of foreign investment funds. c. Cash flow for business firms. d. Monetary authorities with a means of regulating the lending ability of banks. e. Banks with the means to make loans.