If the return on capital is less than the cost of capital
A) economic profits are zero.
B) accounting profits are zero.
C) then accounting profits minus economic profit are zero.
D) economic profits are negative.
D
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In the above, which figure(s) has (have) at least one point at which the slope equals zero?
A) Figure B only B) Figures A and C C) Figure D only D) Figures A, C, and D E) Figures A and D
A progressive tax is one for which the percentage of each added dollar of income paid in taxes
a. increases as income increases. b. remains the same as income increases. c. decreases as income increases. d. is zero after a certain maximum income is reached.
Suppose the U.S. economy is going into a recession. Considering the effect of monetary policy on trade through its impact on income only, the domestic problem calls for:
A. contractionary monetary policy, which will decrease the U.S. trade deficit. B. expansionary monetary policy, which will increase the U.S. trade deficit. C. expansionary monetary policy, which will decrease the U.S. trade deficit. D. contractionary monetary policy, which will increase the U.S. trade deficit.
The average tariff rate of the United States is about ________ of the value of their imports.
A. 1.6 percent B. 7.4 percent C. 59 percent D. 100 percent