In the long run, potential growth in the economy and a rise in real GDP per capita might occur from all of the following except _____.
(A) An increase in savings.
(B) An achievement in technological progress.
(C) An increase in government spending on public goods.
(D) Growth in population.
Ans: (D) Growth in population.
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Use the following table to answer the next question.Labor Compensation (Wages and Benefits)$9,560 billionProprietors' Income$615 billionNet Interest$1,024 billionCorporate Profits$2,049 billionRent$409 billionWhat is the value of national income?
A. $13,248 billion B. $13,042 billion C. $13,657 billion D. $12,427 billion
If, as a perfectly competitive industry expands, it can supply larger quantities only at a higher long-run equilibrium price, it is
A) a decreasing-cost industry. B) a fixed-cost industry. C) a constant-cost industry. D) an increasing-cost industry.
A tax loophole is
a. an illegal method by which individuals or corporations avoid paying the taxes they legally owe. b. a provision in the tax code that allows individuals or corporations to reduce their tax burdens legally by meeting certain conditions. c. a tax surcharge on incomes within certain ranges. d. a provision in the tax code that allows individuals or corporations to shift the economic incidence of a particular tax on to someone else.
ADRs that are created at the request of a foreign firm wanting its shares traded in the United States are ________.
A) facilitated B) unfacilitated C) sponsored D) unsponsored