Where are the most economically advanced capitalist countries located?
a. Western Europe
b. North America
c. New Zealand
d. All of the above are locations of some of the most economically advanced capitalist countries.
d
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The tax on Social Security is statutorily paid _____
a. by individuals b. by employers c. two-thirds by individuals and one-third by employers d. half by individuals and half by employers
Double taxation of corporate earnings
A. tends to restrict the activities of corporate firms. B. causes stockholders to earn a lower return than they would on other securities of comparable risk. C. results in more investment in research and development. D. All of these responses are correct.
Suppose that the alternative uses of an hour of your time in the evening, ranked from best to worst, are (1) study economics, (2i) watch two half-hour TV sitcoms, (3) play pool, and (4) jog around town. You can only choose one activity. What is the opportunity cost of studying economics for one hour, given this information? a. Jogging around town
b. Watching two half-hour TV sitcoms. c. Playing pool. d. The sum of watching two half-hour TV sitcoms, playing pool, and doing your laundry.
If the price of computers decreases, then the:
A. sales of a substitute, such as a telephone, increase. B. sales of a substitute, such as a telephone, decrease. C. inventory of computer software increases. D. inventory of computers increases.