Shortly after the 2012 election, the AMT was reformed to
A. reduce the tax liabilities of the taxpayers with the lowest taxable incomes.
B. index its thresholds for inflation.
C. reduce the tax liabilities of the taxpayers with the highest taxable incomes.
D. remove inflation.
Answer: B
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If there are no net factor payments from abroad and no unilateral transfers, net exports of $10 billion is the same as
A) a current account deficit of $10 billion. B) a financial account surplus of $10 billion. C) net acquisition of foreign assets of $10 billion. D) net foreign borrowing of $10 billion.
If private investment had held up as well as consumption did, the economic contraction from 1929 to 1933 would have been less severe than it was
Indicate whether the statement is true or false
In defining the ____ from the railroad industry, economic historians measure the extra real GNP that can be attributed to this innovation
a. profits b. social savings c. wage income d. balance of trade
A business executive who buys a portable computer so that she can work on airplanes is trying to reduce the cost of traveling
a. True b. False