Apart from the Great Depression of the 1930s, which decade saw the largest rise in unemployment in the U.S.?
A) 1950s
B) 1970s
C) 1980s
D) 1990s
E) 2000s
E
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When the consumer price index is computed, the base year is always the first year among the years being considered
a. True b. False Indicate whether the statement is true or false
The perfect competitor can make a profit
A. only in the long run. B. only in the short run. C. in both the long run and the short run. D. in neither the long run nor the short run.
Corporate profits are taxed twice because
A) taxes are collected on profits before profits are distributed to shareholders. B) the government wants to minimize the amount of tax paid on capital gains. C) it is economically efficient to reduce the amount of retained earnings. D) capital gains are not indexed to the rate of inflation.
Dumping involves a country selling its exports
A. to nations without a comparative advantage in producing the products. B. to nations that regularly impose tariffs. C. to nations that have no need for the products. D. at a price lower than its cost of production.