The Economic Recovery Tax Act of 1981 stipulated that individual income tax be cut ________ over three years.
A. 5%
B. 15%
C. 25%
D. 50%
Answer: C
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A conversion of checking account balances into savings account balances would ____ M1 and ____ M2. a. increase; increase
b. not change; increase. c. decrease; decrease. d. decrease; not change.
In January, in an attempt to commit to getting fit, I signed a year-long, binding contract at a local gym, agreeing to pay $40 per month in membership fees. I also spent $300 on extremely stylish gym clothes. This morning, I was trying to decide whether or not to actually go to the gym. Which of the following was relevant to this decision?
a. The fact that I also had to write a 103 midterm exam today. b. The $40 that I paid the gym this month. c. The $300 I spent on gym clothes. d. All of the above were relevant.
One of the two criteria for a resource to be considered capital is that it must:
A) occur naturally. B) be part of a factory or building. C) be a skill or talent possessed by a person. D) be possible to use it to produce other goods and services.
If the number of unemployed workers doubled and the number of employed workers stayed the same, the unemployment rate would
A. fall. B. stay the same. C. rise by less than 100%. D. rise by 100%. E. rise by more than 100%.