Corporate income taxes
a. make recessions and inflationary episodes more severe
b. make recessions and inflationary episodes less severe
c. make recessions more severe and inflationary episodes less severe
d. make recessions less severe and inflationary episodes more severe
e. have no effect on the severity of recessions and inflationary episodes
B
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The monopolist will maximize profits at the output level for which:
A. marginal revenue equals marginal cost. B. price equals marginal cost. C. price equals average total cost. D. marginal revenue equals average total cost.
If restrictions on entry and exit of firms are introduced in free markets, ________
A) all existing firms earn equal profits in the long run B) existing firms incur equal losses in the long run C) the market allocates resources efficiently D) resources in the market are not allocated efficiently
Which of the following is not correct?
a. Welfare is a broad term that includes a variety of government programs designed to help poor people. b. Since the early 1970s, welfare benefits adjusted for inflation have increased, as has the percentage of children living with only one parent. c. Critics of welfare programs argue that they can create incentives for unmarried women to have children. d. Supporters argue that welfare doesn't cause the decline of two-parent families.
Immigration significantly contributed to economic growth in the U.S. throughout the entire period between Independence and the Civil War
Indicate whether the statement is true or false