Introduction of checks into the payments system reduced the costs of exchanging goods and services. Another advantage of checks is that
A) they provide convenient receipts for purchases.
B) they can never be stolen.
C) they are more widely accepted than currency.
D) the funds from a deposited check are available for use immediately.
A
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The pay-as-you-go nature of the Social Security system means that _____
a. current beneficiaries are paid out of general tax revenues b. current beneficiaries are paid out of the payroll taxes levied on current workers c. current beneficiaries are paid based on contributions made during their last five working years d. current beneficiaries are paid out of current earnings on the Social Security trust fund
Foreign firms are incorporated in four firm concentration ratios
a. True b. False Indicate whether the statement is true or false
The profitability of an investment project will decrease if
a. tax rates decrease. b. real interest rates increase. c. real interest rates decrease. d. business tax deductions increase.
Suppose that the value of the multiplier has increased in recent years. Which of the following could have caused this?
A. Changes in the way the unemployment compensation fund is financed have made it more expensive for firms to lay off workers. B. "Buy America" campaigns launched by many unions have succeeded in reducing the demand for imported goods. C. Consumption has become more sensitive to changes in the interest rate. D. The costs of inventory storage have fallen.