In the presence of inflation in the U.S., accountants incorrectly measure firms' earnings but the tax code correctly measures real incomes
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Which of the following is an example of the development of human capital?
A. Fostering trust among firms that allows short-term credit B. Designing robots used to manufacture cars C. Conducting on-the-job training D. Contributing to well-developed financial markets
A nation's automakers install new robotic machinery to build cars. Now, cars take only a day to make, and the factories can produce many more cars than before. This is an example of growth caused by:
a) land and natural resources b) human capital c) technology d) production possibility curve
The consumption and saving schedules reveal that the:
A. MPC is greater than zero but less than one. B. MPC and APC are equal at the point where the consumption schedule intersects the 45- degree line. C. APS is positive at all income levels. D. MPC is equal to or greater than one at all income levels.
An open economy is one that trades with other nations in goods and services, and perhaps also trades in financial assets.
Answer the following statement true (T) or false (F)