Some economists believe that one of the following improvements in the tax code could lead to more technological progress.
A. A tax on nominal rather than real capital gains
B. A tax on real rather than nominal capital gains
C. A tax on capital rather than labor
D. investment A tax on labor rather than capital
Answer: B
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Why is economic development a contentious subject? Use one of the controversies mentioned in the chapter to illustrate why people may not agree on the answers
What will be an ideal response?
Major firms charged with predatory pricing defend by saying that their prices are low because of superior efficiency
a. True b. False Indicate whether the statement is true or false
One-third of the world's population live in China and India. How did the growth rate of these two countries compare with the growth of high income industrial countries during 1980-2009?
What will be an ideal response?
If a firm earns short-run losses, it exits in the long run.
Answer the following statement true (T) or false (F)