Tax laws treat all in-kind payments as taxable income to the employers
a. True b. False
b
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The objects that we use as money today are
A) checks and credit cards. B) currency and checks. C) currency and deposits. D) deposits and checks. E) currency, deposits, and gold.
Catherine quit her job in order to look for a new one; therefore, she is best considered as
A) frictionally unemployed. B) structurally unemployed. C) cyclically unemployed. D) seasonally unemployed.
The Golden Rule capital—labor ratio is the level of the capital—labor ratio that, in the steady state,
A) maximizes output per worker. B) maximizes investment per worker. C) maximizes consumption per worker. D) maximizes capital per worker.
What characteristic do human and physical capital share?
A) Both are controlled by the government. B) Current costs are incurred for future benefits. C) Their growth depends crucially on the growth of total factor productivity. D) The use of both exhibits rivalry.