Economic policies often have effects that their architects did not intend or anticipate
a. True
b. False
Indicate whether the statement is true or false
True
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A 10% decrease in real income usually leads to ________ in money demand
A) an increase B) no change C) a decrease of less than 10% D) a decrease of 10%
Which of the following policies would reduce the user cost of capital?
A) a reduction in the money supply B) a reduction in the personal income tax rate C) an increase in the corporate profit tax rate D) an increase in an investment tax credit
Which government agency regulates futures markets?
A) SEC B) Commodity Futures Trading Commission C) Board of Trade D) the Federal Futures Agency
A firm's opportunity cost of using resources provided by the firm's owners is called
a. sunk costs b. fixed costs c. explicit costs d. implicit costs e. entrepreneurial costs