Which of the following would be likely to change the relative efficiency of trucks versus trains in carrying freight?
A) Higher wages for truck drivers
B) More powerful locomotives
C) Tolls on interstate highways
D) All of the above.
D
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What does the GDP gap measure?
When a tax is justified on the basis that the taxpayers who pay the tax receive specific government services from payment of the tax, the tax
a. is considered horizontally equitable. b. burden is minimized. c. satisfies the benefits principle. d. is considered vertically equitable.
Dividends, retained earnings, and corporate income taxes sum to which of the income categories in the income approach to computing GDP?
A. corporate profits B. net interest C. indirect business taxes D. compensation of employees
A graph showing ________ is an isoquant.
A. all combinations of products that yield the same total utility B. all combinations of capital and labor that have the same total cost C. all combinations of products desired by consumers D. all combinations of capital and labor that a firm can use to produce a given amount of output