Which of the following is not an example of government's role as an actor?
A. Social security tax cuts that reduce the percentage paid by employees
B. Equal opportunity and labor laws that restrict businesses' freedom to hire and fire whomever they want
C. Increases in social security spending
D. Laws that require states and the federal government to balance their budgets
Answer: B
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A creator of an action movie who wants to protect their intellectual property would apply for which of the following?
A) a trade secret B) a copyright C) a patent D) a trademark
If a firm employs an extra unit of labor, the additional product generated by employing the extra unit of labor is
A) the marginal physical product of labor. B) the diminished marginal product. C) the outside edge. D) total product.
Between 1922 and 1929 stock prices increased by more than
a. 100%. b. 200%. c. 300%. d. 1000%.