Diminishing marginal returns occur only in the long run.
Answer the following statement true (T) or false (F)
False
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Dynamic tax analysis assumes that
A) an increase in a tax rate may lead to a decrease in the tax base. B) an increase in a tax rate will lead to an increase in the tax base. C) an increase in a tax rate will leave the tax base unchanged. D) the tax base will always remain unchanged.
A seller's willingness to sell is
a. measured by the seller's cost of production. b. related to her supply curve, just as a buyer's willingness to buy is related to his demand curve. c. less than the price received if producer surplus is a positive number. d. All of the above are correct.
In the current? year, a? nation's government spending equals? $100 trillion and its revenues are? $130 trillion. Which of the following is? TRUE?
A. The nation has a current year trade surplus of? $230 trillion. B. The? nation's national debt equals? $30 trillion. C. This nation has a current year budget surplus of? $30 trillion. D. This nation is currently running a budget deficit of? $30 trillion.
For a given set of data and a regression equation, the greater the R-square:
A. the greater the adjusted R-square. B. the lower the adjusted R-square. C. the greater the t-value. D. the lower the t-value.